TRUBAR Securityholders to Vote on C$201 Million Cash Acquisition by ETİ Affiliate

Simply Better Brands ( (TSE:TRBR) ) has shared an announcement.

TRUBAR Inc. has mailed its management information circular for a special meeting of shareholders and other securityholders to vote on a proposed plan of arrangement under which an affiliate of Turkish consumer packaged goods company ETİ Gıda Sanayi ve Ticaret A.Ş. will acquire all outstanding common shares for C$1.64 per share in cash, valuing the deal at approximately C$201 million. The board, following a unanimous recommendation from a special committee and a fairness opinion from MNP LLP, has unanimously determined the transaction is fair and in the best interests of securityholders, highlighting a substantial premium to recent trading prices, all-cash consideration providing immediate liquidity and reduced risk exposure, and support agreements from key securityholders that, combined with limited conditions and no financing contingency, signal a strong likelihood of completion.

The most recent analyst rating on (TSE:TRBR) stock is a Hold with a C$1.50 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 stock score is driven by strong corporate events, including a strategic acquisition and record revenue growth, which are offset by financial challenges and valuation concerns. Technical indicators show bullish momentum, but potential overbought conditions warrant caution.

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

More about Simply Better Brands

TRUBAR Inc. is a Vancouver-based better-for-you snacking company that develops and markets high-quality, plant-based protein products made with clean, recognizable ingredients. Listed on the TSX Venture Exchange and OTCQX, the company focuses on delivering healthier snack alternatives with an emphasis on taste for consumers seeking nutritious, plant-based options.

Average Trading Volume: 517,198

Technical Sentiment Signal: Buy

Current Market Cap: C$170.9M

For an in-depth examination of TRBR stock, go to TipRanks’ Overview page.