Cubic Announces Shareholder Approval of Merger Agreement with Veritas Capital

SAN DIEGO–(BUSINESS WIRE)–Cubic Corporation today announced that, at a special meeting of shareholders held on April 27, 2021 (the “Special Meeting”), the shareholders of the Company approved a proposal to adopt the merger agreemententered into between the Company and an affiliate of Veritas Capital , under which Veritas and Evergreen Coast Capital Corporation , an affiliate of Elliott Investment Management L.P., will acquire the Company for $75.00 per share in cash.

Approximately 70.3% of the shares of the Company’s common stock issued and outstanding as of the close of business on March 18, 2021, the record date for the Special Meeting, voted to adopt the Merger Agreement.

The proposed transaction remains subject to the receipt of certain regulatory approvals and the satisfaction of other closing conditions. The Company currently anticipates that the proposed transaction will be completed during the second calendar quarter of 2021.

About Cubic Corporation

Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR, and training customers worldwide to decrease urban congestion and improve the militaries’ effectiveness and operational readiness. Our teams innovate to make a positive difference in people’s lives. We simplify their daily journeys. We promote mission success and safety for those who serve their nation. For more information about Cubic, please visit the company’s website at www.cubic.com or on Twitter @CubicCorp.

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