Farmer Brothers shares are trading higher after the company announced an agreement to sell its Northlake, TX Coffee facility to TreeHouse for $100 million.
Portfolio Pulse from Benzinga Newsdesk
Farmer Brothers announced an agreement to sell its Northlake, TX Coffee facility to TreeHouse for $100 million, causing its shares to trade higher.
June 07, 2023 | 6:51 pm
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Farmer Brothers' shares are trading higher after announcing the sale of its Northlake, TX Coffee facility to TreeHouse for $100 million.
The sale of the Northlake, TX Coffee facility to TreeHouse for $100 million is a significant deal for Farmer Brothers, which is likely to have a positive impact on its stock price in the short term. The news directly pertains to FARM and is important for investors as it indicates a successful divestiture and potential capital infusion.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100