Franchise Group announced that it has received an unsolicited non-binding proposal, which is subject to certain conditions, to acquire all of the outstanding shares of the common stock of the Company for a price of $30.00 per share in cash. The Board of Directors will carefully evaluate the proposal to determine the course of action that it believes is in the best interests of the Company and all FRG stockholders. The Company makes no assurance that the proposal will result in a transaction.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on FRG:
- Franchise Group Jumps on Potential Takeover Bid
- Franchise Group, Inc. Announces Receipt of Unsolicited Proposal
- Pet Supplies Plus Acquires 20 Loyal Companion Pet Stores from Parent Company Independent Pet Partners
- Franchise Group sees FY23 EPS $2.90, consensus $3.25
- Franchise Group reports Q4 EPS 47c, consensus 21c
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue