M&A: CROSS COUNTRY HEALTHCARE INC

Form Type: PREM14A

Filing Date: 2025-01-06

Corporate Action: Merger

Type: New

Accession Number: 000114036125000301

Comments: Cross Country Healthcare, Inc. has announced a proposed merger with Aya Holdings II Inc. through an agreement entered on December 3, 2024. The merger involves Spark Merger Sub One Inc., which will merge with Cross Country, making it a wholly-owned indirect subsidiary of Aya. Stockholders are to receive $18.61 per share of Cross Country common stock, reflecting a 67% premium over the stock's last trading price prior to the merger announcement. The board unanimously recommends stockholders vote 'FOR' this proposal at a special meeting to approve the merger. Failure to vote will be counted as a vote against the proposal. The transaction awaits stockholder approval, with the record date for voting set for a date in 2025 yet to be specified. The proxy materials detail the compensation for named executives tied to the merger, and the meeting will also include a vote on the adjournment if necessary.

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