Watsco to acquire ACR Group via cash tender offer

Watsco Inc. and ACR Group Inc. signed a definitive merger agreement under which Watsco will acquire ACR's outstanding common stock via a $6.75/share cash tender offer; ACR will operate as a subsidiary of Watsco under its present name.

“COCONUT GROVE, Fla. - Watsco Inc. and ACR Group Inc. announced that they have executed a definitive merger agreement under which Watsco will seek to acquire ACR's outstanding common stock in a cash tender offer of $6.75 per share.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.