Liquid Media Group shares are trading higher after the company received a non-binding term sheet in respect of a proposed restructuring transaction, under which the target would merger with a wholly-owned subsidiary of the company.
Portfolio Pulse from Benzinga Newsdesk
Liquid Media Group has received a non-binding term sheet for a proposed restructuring transaction, which would involve a merger with a wholly-owned subsidiary of the company. This news has led to an increase in the company's share price.
August 14, 2023 | 4:41 pm
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POSITIVE IMPACT
Liquid Media Group's proposed restructuring transaction and subsequent share price increase could potentially impact the company's stock in the short term.
The news of a potential restructuring transaction, which includes a merger with a subsidiary, has already led to an increase in Liquid Media Group's share price. This indicates a positive market reaction, which could continue to drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100