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Janel ( (JANL) ) just unveiled an announcement.
On October 14, 2025, Janel Corporation and Rubicon Technology, Inc. completed a transaction where Rubicon acquired Janel Group LLC, a wholly owned subsidiary of Janel Corp. This acquisition allows Rubicon to gain a profitable business and better access to capital, while Janel Corp’s shareholders benefit from increased ownership in Rubicon. As a result of the transaction, Janel Corp now owns approximately 86.5% of Rubicon’s common stock, up from 46.6%. Rubicon will assume $23 million of Janel Group’s indebtedness and gain access to $35 million in borrowing capacity. The transaction was approved by Rubicon’s board and stockholders, and Janel Corp plans a tender offer to further increase its stake in Rubicon.
More about Janel
Janel Group LLC is a non-asset based, full-service provider of cargo transportation logistics management services, including freight forwarding via air, ocean, and land-based carriers, customs brokerage services, warehousing and distribution services, trucking, and other value-added logistics services. The company operates in the United States with over 25 locations and serves customers globally through its networks of international partners.
Average Trading Volume: 385
Technical Sentiment Signal: Buy
Current Market Cap: $43.44M
See more insights into JANL stock on TipRanks’ Stock Analysis page.