TRUBAR Inc. to be Acquired by Turkish Consumer Goods Giant ETİ Gıda

The latest announcement is out from Simply Better Brands ( (TSE:TRBR) ).

TRUBAR Inc. has announced a definitive agreement to be acquired by ETİ Gıda, a leading consumer products company based in Turkey. The acquisition, valued at approximately C$201 million, offers a 64% premium over the last closing price of TRUBAR’s shares. This strategic move is expected to enhance TRUBAR’s growth in North America and facilitate its expansion into international markets, leveraging ETİ Gıda’s extensive experience in scaling consumer product brands. The acquisition has been unanimously recommended by TRUBAR’s Special Committee and Board of Directors, who determined it to be in the best interest of the company and its shareholders.

The most recent analyst rating on (TSE:TRBR) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Simply Better Brands stock, see the TSE:TRBR Stock Forecast page.

Spark’s Take on TSE:TRBR Stock

According to Spark, TipRanks’ AI Analyst, TSE:TRBR is a Neutral.

The overall score reflects significant financial challenges, including high leverage and negative profitability, which are partially offset by positive technical indicators. The lack of earnings call data and corporate events limits further insights.

To see Spark’s full report on TSE:TRBR stock, click here.

More about Simply Better Brands

TRUBAR Inc. is a company in the better-for-you snacking industry, specializing in high-quality, plant-based protein products made with clean, recognizable ingredients. The company focuses on delivering exceptional taste in its products and is positioned in the protein bar market.

Average Trading Volume: 306,428

Technical Sentiment Signal: Buy

Current Market Cap: C$107.8M

Learn more about TRBR stock on TipRanks’ Stock Analysis page.