Veritiv shares are trading higher after the company announced it will be acquired by CD&R.
Portfolio Pulse from Benzinga Newsdesk
Veritiv Corporation announced that it will be acquired by Clayton, Dubilier & Rice (CD&R). This news has led to an increase in Veritiv's share price.
August 07, 2023 | 12:47 pm
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Veritiv's shares are trading higher following the announcement of its acquisition by CD&R.
Acquisitions often lead to a rise in the share price of the company being acquired, as it is usually bought at a premium. This is likely the reason for the increase in Veritiv's share price.
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