Why Whole Earth Brands Stock Is Surging Today
Portfolio Pulse from Ryan Gustafson
Whole Earth Brands, Inc. (NASDAQ:FREE) shares are trading higher after a 13D filing revealed a proposal by Martin Franklin to acquire the company for $4 per share in cash.
June 26, 2023 | 7:12 pm
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Whole Earth Brands' stock price surges after a 13D filing reveals Martin Franklin's proposal to acquire the company for $4 per share in cash.
The 13D filing revealed a proposal by Martin Franklin to acquire Whole Earth Brands for $4 per share in cash. This news has a direct impact on the stock price, as it indicates a potential acquisition and a higher valuation for the company. The stock price surged as a result, showing a positive short-term impact.
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