Arena Group Holdings Stock Rises Amid Acquisition Talks With Group Black
Portfolio Pulse from Benzinga Staff
Group Black is in talks to acquire a majority stake in Arena Group Holdings (NYSEAMERICAN: AREN), publisher of over 50 publications including Sports Illustrated. The acquisition news caused AREN's stock price to surge, closing up 12.60% at $4.11 and up 7.54% after market at $4.42.
June 26, 2023 | 11:25 pm
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Arena Group Holdings' stock price surged after news of potential acquisition talks with Group Black, closing up 12.60% at $4.11 and up 7.54% after market at $4.42.
The news of potential acquisition talks between Group Black and Arena Group Holdings directly impacted AREN's stock price, causing it to surge. This indicates that investors are optimistic about the potential acquisition and its benefits for AREN.
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