Sleep Country Canada Hldg (TSE:ZZZ) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Sleep Country Canada Holdings Inc. is set to be acquired by Fairfax Financial Holdings Limited, with shareholders receiving $35.00 per share in cash, a premium over recent trading prices. The $1.7 billion deal, expected to close in Q4 2024, is seen as beneficial for shareholders, providing certainty of significant and immediate value. The acquisition will delist Sleep Country from the TSX and end its status as a reporting issuer.
For further insights into TSE:ZZZ stock, check out TipRanks’ Stock Analysis page.