BofA is moving to No Rating on Soho House (SHCO) after the company announced an offer from a consortium of third-party investors to acquire the company for $9 per share, representing an 83% premium to the prior day’s closing price. Given the offer, the stock is no longer trading on fundamentals, the firm contends.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHCO: