FitLife Brands shares are trading higher after the company announced that the U.S. Bankruptcy Court approved the $18.5 million acquisition of substantially all of the assets of MusclePharm.
Portfolio Pulse from Benzinga Newsdesk
FitLife Brands has announced that the U.S. Bankruptcy Court has approved its $18.5 million acquisition of substantially all of the assets of MusclePharm. This has led to a rise in FitLife Brands' shares.
September 28, 2023 | 4:47 pm
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FitLife Brands' shares are trading higher after the company's acquisition of MusclePharm's assets was approved by the U.S. Bankruptcy Court.
The approval of the acquisition by the U.S. Bankruptcy Court is a positive development for FitLife Brands. This could potentially increase the company's asset base and improve its financial position, which is likely to be viewed favorably by investors, leading to an increase in the company's share price.
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