$SECU.V

Earnings Flash (SECU.V) SSC Security Services Corp. Posted Q2 Revs $32M, Up 15.5%; Adjusted EPS C$0.02 per Share Basic

SSC Security Services Jumps 114% After Go-Private Transaction by Allied Universal

SSC Security Services (SECU.V) shares have more than doubled to $4.28 after it said on Tuesday that it is being acquired by Allied Universal in a go-private transaction for $4.4075 cash per share. The purchase price is a 119% premium to the closing price of SSC shares on the TSX Venture Exchange on May 25.As part of the $80.5 million transaction, SSC and its subsidiary, Logixx Security, will sell their cyber security and legacy agriculture businesses to an entity controlled by SSC's current and former senior management team under a management buyout transaction.SSC will also suspend all dividend payments pending the outcome of the transaction.The transaction is not subject to any financing condition and is expected to close in July.SSC shares were last seen up $2.29, to $4.30 on the TSX Venture Exchange,Price: $4.30, Change: $+2.29, Percent Change: +113.93%