If you’re interested in learning when GSAH will report its next earnings, then you’ve come to the right place. We’ve compiled the latest news and analysis on the company’s upcoming earnings release and preliminary proxy statement. You can also view our analyst ratings and past reports to get the inside scoop on GSAH. If you haven’t been paying attention to this stock in the past, now is the perfect time to start.
GSAH will become Vertiv Holdings Co
In a recent merger, the data center infrastructure provider Vertiv Holdings Co. acquired GS Acquisition Holdings, a company led by investment firm David Cote. The merger creates a new company focused on data center growth. Vertiv is one of the few “pure plays” in the industrial equipment sector. With extraordinary demand for capital in digital infrastructure, the world’s largest investors are targeting this sector.
This merger will create a publicly traded company, whose stock will trade under the NYSE symbol VRT. Vertiv will be led by Rob Johnson, the current CEO and president of GSAH. Vertiv is a global provider of data center infrastructure solutions, which extends the cloud to the edge of the network. In 2018, Vertiv generated $4.3 billion in revenue. As a publicly traded company, the combined company will be worth $5.3 billion.
Before voting, you should read the preliminary proxy statement and any amendments to it. The definitive proxy statement contains important information about GSAH and will be mailed to GSAH stockholders on or around the record date. If you decide to participate in the merger, you should also read the proxy statement, which will contain important information regarding the business combination and other matters. However, it should not be relied upon as the basis for investing in GSAH stock.
The information in the press release is based on forward-looking statements. These statements relate to future events and financial performance. They include assumptions, estimates, projections, and other factors that may influence the actual results. In particular, these statements are subject to significant risks and uncertainties and actual results may differ materially from those anticipated. If you plan on investing in GSAH, it may be prudent to seek a qualified investment advisor before making a final decision.
In the transaction, Vertiv Holdings, LLC and GS Acquisition Holdings Corp. entered into a definitive agreement to acquire GS Acquisition Holdings Corp. for $415 million in cash and stock consideration. The combined entity will issue 127.5 million new GS Acquisition Holdings class A common shares to Vertiv stockholders. The agreement was finalized today. If all goes well, the combined entity will become Vertiv Holdings Co.
The stockholders of Vertiv will have certain rights to nominate a director. In particular, Vertiv Stockholders can appoint nominees to various Board committees. However, the total number of directors cannot exceed nine. The Stockholders’ Agreement also requires that the named executive officers of the company be included on the slate of nominees. Further, Vertiv Stockholders will have the right to nominate up to four directors.
GSAH will file a preliminary proxy statement
The earnings report will be accompanied by a preliminary proxy statement filed by GSAH. This proxy statement contains forward-looking statements that do not relate strictly to historical facts. These forward-looking statements contain words such as “believe,” “pro forma,” “continue,” and “estimate.” They are based on management’s expectations and assumptions, and actual results may differ materially from those projected.
The SEC has already approved GSAH’s proposed business combination. GSAH will file a preliminary proxy statement before the earnings report, containing information about the proposed business combination with Mirion. However, GSAH and Mirion may be considered participants in the solicitation of proxies in connection with the proposed business combination. Therefore, investors should read the preliminary proxy statement carefully before deciding whether or not to vote.
The company has entered into a letter agreement with two investment funds, Sponsor and GS Employee Participation, for 90 million shares of Class A common stock. The aggregate purchase price of these shares amounts to approximately $900 million. The Letter Agreement contains transfer restrictions. It also contains disclosures about GSAH’s business strategy. The Letter Agreement was approved by the Board on October 19, 2021, which was also the date of GSAH’s preliminary proxy statement.
The company has nominated Larry Kingsley as its chairman of the board. Larry Kingsley is a well-known financial executive and has held senior management positions at GSAH since 2003. He is a highly regarded financial advisor and has a proven track record of achieving success for his companies. In addition to Larry Kingsley, GSAH also nominated GS Acquisition Holdings Corp II as a director for the company.
Goldman Sachs & Co. LLC is an affiliate of GSAH and its Sponsor. Goldman Sachs acted as joint bookrunner of GSAH’s IPO and received a committed financing fee of $18,400,000 in connection with certain commercial dealings. If Goldman Sachs is listed on your proxy statement, you may want to consider voting against it if you’re unsure whether to support its shares.
After reviewing the preliminary proxy statement, GSAH will file a final proxy statement and earnings report. If you hold shares of GSAH and are interested in the company’s prospects, vote by proxy. This way, you can avoid a messy vote. If you don’t have any voting power, you can vote by proxy if you are a shareholder. This can be done through your broker or your brokerage.
GSAH will report earnings
If you’re wondering when GSAH will report earnings, you’ve come to the right place. Our website provides a wealth of information, including historical financial reports, analyst ratings, and news. We also offer a free, daily newsletter containing the latest updates about GSAH’s performance. If you’re interested in investing in GSAH, we have information you can use to help you make an informed decision.
When GSAH will report earnings for the current quarter will depend on whether the company’s transaction with Mirion Technologies has been completed or not. While the deal is still subject to shareholder approval, GSAH expects to earn at least $930 million from the merger, with a minimum cash proceeds of $554 million. If the deal goes through, GSAH is expected to raise an additional $830 million through a senior secured term loan.
Forward-looking statements are based on current expectations and assumptions about the company’s business and financial results. These statements can be misleading, as actual results may differ materially from what is predicted. As such, investors should not rely on these forward-looking statements as an indication of future results. If you’re a shareholder of GSAH, check back frequently and check out its quarterly reports. The company has filed reports with the SEC every quarter, and they’re publicly available.
GSAH intends to file a preliminary proxy statement with the SEC and mail a definitive proxy statement. GSAH will also send a mailer containing important information about the business combination. Neither the preliminary nor the definitive proxy statements should be relied upon as a basis for investment decisions. While we encourage our stockholders to read the documents, we encourage you to follow the company’s instructions.