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Janel ( (JANL) ) has shared an announcement.
On August 20, 2025, Rubicon Technology, Inc. announced its acquisition of Janel Group LLC, making it a wholly owned subsidiary. This strategic transaction, approved by Rubicon’s board, allows Rubicon to acquire a profitable business and gain better access to capital, while Janel Corp shareholders benefit from increased ownership in Rubicon. The deal involves Janel Corp exchanging its equity in Janel Group for Rubicon shares, resulting in Janel Corp owning approximately 86.5% of Rubicon’s common stock. The transaction also includes Rubicon assuming Janel Group’s indebtedness and gaining access to a revolving credit facility. The merger is expected to enhance Rubicon’s market positioning and financial stability, with Janel Corp planning a tender offer for additional Rubicon shares contingent on stockholder approval.
More about Janel
Janel Group LLC, a subsidiary of Janel Corporation, is a non-asset based, full-service provider of cargo transportation logistics management services, including freight forwarding, customs brokerage, warehousing, and distribution 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: 311
Technical Sentiment Signal: Strong Buy
Current Market Cap: $47.45M
For an in-depth examination of JANL stock, go to TipRanks’ Overview page.