Why Delta Apparel Stock Popped After-Hours
Portfolio Pulse from Ryan Gustafson
Delta Apparel, Inc. (AMEX:DLA) shares traded higher in after-hours session following the announcement of an unsolicited offer to purchase its Salt Life business. The company's Board of Directors has engaged Baird as its financial advisor to review strategic options for the Salt Life business. The decision regarding the potential transaction remains subject to approval by the Delta Apparel Board of Directors.
October 02, 2023 | 9:00 pm
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Delta Apparel's stock price rose following the announcement of an unsolicited offer for its Salt Life business. The company's board is currently reviewing strategic options.
The news of an unsolicited offer for Delta Apparel's Salt Life business has led to a rise in the company's stock price. This is because such offers often indicate that the business is valuable and can potentially lead to a profitable sale. The company's board is currently reviewing strategic options, which could further impact the stock price depending on the outcome.
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IMPORTANCE 80
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