Blue Apron Announces Agreement To Be Acquired By Wonder Group For $13.00 Per Share, Representing An Equity Value Of Approximately $103M; Transaction To Close In Q4
Portfolio Pulse from Benzinga Newsdesk
Blue Apron has announced an agreement to be acquired by Wonder Group for $13.00 per share, representing an equity value of approximately $103M. The transaction is expected to close in Q4.
September 29, 2023 | 11:04 am
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Blue Apron's acquisition by Wonder Group could potentially increase the value of APRN shares in the short term.
The acquisition announcement typically leads to a short-term increase in the stock price of the company being acquired. In this case, Blue Apron's acquisition by Wonder Group for $13.00 per share, which is likely higher than the current trading price, could lead to an increase in APRN's stock price.
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