Thorne Healthtech shares are trading higher after the company entered an agreement to be acquired by L Catterton for $10.20 per share in cash.
Portfolio Pulse from Benzinga Newsdesk
Thorne Healthtech has entered into an agreement to be acquired by L Catterton for $10.20 per share in cash. This has resulted in a rise in Thorne Healthtech's share price.
August 28, 2023 | 1:19 pm
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Thorne Healthtech's shares are trading higher following the announcement of its acquisition by L Catterton for $10.20 per share in cash.
The acquisition announcement has led to a surge in Thorne Healthtech's share price. Investors are reacting positively to the news, which is why the stock is trading higher. The acquisition price of $10.20 per share in cash also provides a clear valuation for the company, which can further boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100