Whole Earth Brands (FREE) has released an update.
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Whole Earth Brands, Inc. has agreed to a merger with Ozark Holdings, LLC, with the transaction set to transform Whole Earth Brands into a wholly-owned subsidiary of Ozark Holdings. A special committee deemed the merger, which will pay shareholders $4.875 per share, fair and in the company’s best interests. The agreement also includes a ‘no-shop’ provision, barring the company from seeking other proposals, though it can consider unsolicited superior offers. The merger’s consummation is contingent upon customary conditions, including shareholder approval and regulatory clearances. If successful, Whole Earth Brands’ stock will be delisted from NASDAQ, signaling a significant shift in the company’s financial landscape.
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