Welcome to our dedicated page for AFA news (Ticker: AFAP), a resource for investors and traders seeking the latest updates and insights on AFA stock.
This page contains historical news coverage for AFA Protective Systems Inc. (AFAP), which operated as America's first Central Station fire alarm company before being acquired by Pavion. This archive provides context on the company's business developments and the events surrounding its acquisition.
AFA Protective Systems operated in the fire protection and commercial security industry for nearly 150 years, serving clients across healthcare, education, government, and enterprise sectors. The company built a reputation through relationships with high-profile facilities and its expertise in fire alarm systems, burglar alarm systems, access control, and CCTV surveillance solutions.
Historical news coverage for AFAP includes announcements related to contract awards, service expansions, industry developments affecting fire and security systems providers, and ultimately the company's acquisition. This archive serves as a resource for researchers and investors seeking to understand the company's operational history and trajectory.
Browse past coverage to learn about AFA Protective Systems' role in the commercial fire and security industry, its client relationships with facilities like Fenway Park and Atlanta Airport, and the consolidation trend that led to its acquisition by a larger fire and security solutions provider.
Corbett Technology Solutions, Inc. (CTSI) has successfully completed its tender offer for AFA Protective Systems, Inc. (OTCMKTS: AFAP), acquiring approximately 99.17% of its outstanding shares at $743.50 per share in cash. The tender offer expired on October 26, 2021, and all validly tendered shares were accepted for payment. Following the merger, AFA will cease trading on OTCMKTS and become a wholly-owned subsidiary of CTSI. This strategic acquisition enhances CTSI's portfolio in technology integration and innovation.
On September 14, 2021, APS Acquisitionco, a subsidiary of Corbett Technology Solutions (CTSI), launched a tender offer for AFA Protective Systems (OTCMKTS: AFAP) shares at $743.50 each, significantly higher than the $106.50 per share price on September 1, 2021. This offer will end on October 26, 2021. Once the offer concludes, APS will merge with AFAP, positioning AFAP as the surviving entity. Stockholders are encouraged to read the tender offer materials for detailed information.
Corbett Technology Solutions, Inc. (CTSI) has announced a definitive agreement to acquire AFA Protective Systems, Inc. (AFAP) for $743.50 per share. This acquisition, aimed at enhancing CTSI's fire, security, and communication services, is expected to open new opportunities for customers and employees. Founded in 1873, AFA serves over 28,000 clients along the East Coast and brings extensive industry experience. This marks CTSI's fourth acquisition since partnering with Wind Point Partners in June 2020, aligning with their growth strategy focused on life safety and security solutions.
