Liquidity Services to be Acquired for $1.2B

TL;DR

Liquidity Services is being bought for $1.2B cash ($22/share) by White Mountains. Deal expected H1 2025.

AI Summary

Liquidity Services Inc. announced on December 12, 2024, that it has entered into a definitive agreement to be acquired by an affiliate of White Mountains Insurance Group, Ltd. The transaction is valued at approximately $1.2 billion, representing $22.00 per share in cash. The acquisition is expected to close in the first half of 2025, subject to customary closing conditions.

Why It Matters

This acquisition by White Mountains Insurance Group, Ltd. signifies a major change in ownership for Liquidity Services Inc., potentially impacting its strategic direction and operations.

Risk Assessment

Risk Level: medium — The acquisition is subject to customary closing conditions, which introduces a degree of uncertainty until the deal is finalized.

Key Numbers

• $1.2B — Transaction Value (Total amount to be paid for Liquidity Services Inc.)
• $22.00 — Per Share Price (Cash amount each shareholder will receive)

Key Players & Entities

• Liquidity Services Inc. (company) — Company being acquired
• White Mountains Insurance Group, Ltd. (company) — Acquiring company
• $1.2 billion (dollar_amount) — Total transaction value
• $22.00 (dollar_amount) — Per share acquisition price
• December 12, 2024 (date) — Date of agreement
• first half of 2025 (date) — Expected closing period

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value LQDT The Nasdaq Stock Mar

Filing Documents

• lqdt-20241212.htm (8-K) — 39KB
• lqdt-ex99_1.htm (EX-99.1) — 39KB
• img213996282_0.jpg (GRAPHIC) — 6KB
• 0000950170-24-136229.txt ( ) — 217KB
• lqdt-20241212.xsd (EX-101.SCH) — 24KB
• lqdt-20241212_htm.xml (XML) — 5KB

01 Other Matters

Item 8.01 Other Matters. Attached hereto as Exhibit 99.1 is the transcript for the earnings conference call of the Company held on December 12, 2024. The information in this Current Report on Form 8-K, including the exhibits attached hereto, shall be considered "furnished" pursuant to Item 8.01 of Form 8-K and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended, nor shall it be deemed incorporated by reference into any of the Company's reports or filings with Securities and Exchange Commission, whether made before or after the date thereof, except as expressly set forth by specific reference in such report or filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits 99.1 Transcript for Earnings Call December 12, 2024

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LIQUIDITY SERVICES, INC. (Registrant) Date: December 13, 2024 By: /s/ Mark A. Shaffer Name: Mark A. Shaffer Title: Chief Legal Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR