Staffing 360 Solutions ( (STAF) ) just unveiled an update.
Atlantic International Corp. and Staffing 360 Solutions have agreed to merge in a strategic move to create a leading workforce solutions company with expected annual revenues of $620 million. The merger, valued at approximately $25 million, will see Staffing 360 shareholders receiving 1.202 Atlantic shares for each of their shares. The deal aims to achieve cost synergies of $10 million and provide enhanced scale, liquidity, and a diversified customer base. The merger is anticipated to close within 90 days, pending shareholder and regulatory approvals.
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