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Steer Technologies ( (TSE:ARGH) ) has provided an announcement.
Argo Corporation has announced a special stock dividend to provide its legacy shareholders with a stake in the proceeds from the eventual sale of its ownership interest in FoodsUp Inc., a Canadian restaurant supply platform. This move is part of Argo’s strategy to separate its business from FoodsUp Inc., and involves issuing Series A Preferred Shares to common shareholders, which will track the ownership of FoodsUp shares and entitle holders to dividends from the sale proceeds.
More about Steer Technologies
Argo Corporation is a leader in next-generation transit solutions, focusing on innovative transportation technologies and services.
Average Trading Volume: 172,317
Technical Sentiment Signal: Buy
Current Market Cap: C$99.85M
For an in-depth examination of ARGH stock, go to TipRanks’ Stock Analysis page.