Cubic Corporation (NYSE:CUB) agreed to acquire remaining 82.5% stake in Delerrok Inc for $38.4 million in November 2019. The consideration includes cash of $36.4 million at closing and a potential earn-out of up to $2 million if Delerrok achieves certain sales goals in the first 12 months after closing. The consideration will be funded from borrowings under Cubic’s existing credit facilities. The transaction is subject to customary closing conditions and expected to close in December 2019. Cubic Corporation (NYSE:CUB) completed the acquisition of remaining 82.5% stake in Delerrok Inc for $39 million on January 3, 2020. The aggregate consideration consists of $37 million in net cash and additional $2.0 million if Delerrok’s sales exceed certain levels from the date of acquisition through December 31, 2020. The transaction is expected to be neutral to Adjusted EPS by fiscal year 2021 and accretive beginning fiscal year 2022.