Blue Apron shares are trading higher after the company announced an agreement to be acquired by Wonder Group for $13 per share.
Portfolio Pulse from Benzinga Newsdesk
Blue Apron has announced an agreement to be acquired by Wonder Group for $13 per share. This has resulted in a surge in Blue Apron's share price.
September 29, 2023 | 1:06 pm
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Blue Apron's stock is trading higher following the announcement of its acquisition by Wonder Group for $13 per share.
The acquisition announcement has led to a surge in Blue Apron's share price. This is because the acquisition price of $13 per share is likely higher than the current trading price, leading investors to buy the stock in anticipation of the acquisition.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100