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The latest announcement is out from Strong Global Entertainment, Inc. Class A ( (SGE) ).
Strong Global Entertainment, Inc. has successfully completed a strategic transaction with Fundamental Global Inc., streamlining its operations and driving shareholder value by selling its Strong/MDI Screen Systems, Inc. subsidiary for approximately $29.5 million. This deal is part of a larger arrangement that involved the exchange of SGE common shares for shares in Fundamental Global Inc. and resulted in SGE being delisted from the New York Stock Exchange. Alongside this, SGE announced a significant pre-tax financial statement gain and now holds a notable share in Saltire Holdings Ltd, indicating an optimistic outlook on Saltire’s growth strategy.
Find detailed analytics on SGE stock on TipRanks’ Stock Analysis page.
