First Advantage Corporation (NASDAQ:FA) Q4 2023 Earnings Call Transcript March 1, 2024 First Advantage Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, everyone. My name is Leo, and I will be your conference operator today. I would […]
It is a tough market for background screeners, but these two companies believe they have the answer to their problems.
Background screening services provider First Advantage will buy rival Sterling Check in a cash-and-stock deal valued at $2.2 billion, the company said on Thursday. The deal consists of about $1.2 billion in cash and 27.15 million shares of First Advantage common stock. It values each share of Sterling Check at $16.73, which represents a premium of 35% to the closing price of the company's stock on Wednesday.