After Daseke announced an agreement to repurchase founder and former CEO Don Daseke’s 17.9M shares, or 29% of the outstanding shares, Craig-Hallum analyst Ryan Sigdahl called this "a well-structured deal" for the company and shareholders that is "highly accretive" and being done "at great terms" for the company. The deal is also structured to keep financial flexibility, said Sigdahl, who has a Buy rating and $14 price target on Daseke shares.
Elevate Your Investing Strategy:
- 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
See Insiders’ Hot Stocks on TipRanks >>
Read More on DSKE: