Franchise Group (NASDAQ: FRG), the investment firm that owns retailers like Vitamin Shoppe could be contemplating buying furniture chain Conn’s (NASDAQ: CONN), according to Wall Street Journal.
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Shares of CONN were on an upswing in pre-market trading on Wednesday.
The report also stated that FRG could also be contemplating going private in a management buyout where the company’s management, led by CEO Brian Kahn could pay a price in the range of $30 to $35 a share.
There is the possibility that either one of these transactions will happen or both will, according to the report.
FRG stock has dropped more than 35% in the past year.