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Cardinal Infrastructure Group Maintains $357.5M Hughes Brothers Construction Deal Purchase Price And Changes Consideration To 60%/40% Cash/CDNL Shares From 50%/50% Previously

Benzinga Newsdesk

Hughes Brothers' owners will receive approximately $214.5 million in cash and 5,255,420 shares of Cardinal Class A common stock, based on an issue price of $27.21 per share.The amendment also revises the earnout so

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  2. Bfa Law / Bleichmar Fonti & Auld Llp

    $CDNL Stock Losses: BFA Law Reminds Cardinal Infrastructure Investors with Losses of the Ongoing Securities Fraud Investigation into Potential Acquisition Misrepresentations

    Securities law firm BFA Law is investigating Cardinal Infrastructure Group (NASDAQ: CDNL) for potential securities fraud related to misrepresentations about the performance of its A.L. Grading Contractors acquisition. The company's stock dropped 36% on August 11, 2026, after reporting Q2 2026 results showing an adjusted EBITDA margin of only 12.4%, significantly below the 20%+ margin previously communicated to investors, due to increased costs and scalability issues at the acquired business.

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