SP Plus shares are trading higher after Metropolis Technologies announced it will acquire the company for $1.5 billion.
Portfolio Pulse from Benzinga Newsdesk
Metropolis Technologies has announced its plan to acquire SP Plus for $1.5 billion, leading to a rise in SP Plus shares.
October 05, 2023 | 12:54 pm
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SP Plus shares are trading higher following the announcement of its acquisition by Metropolis Technologies for $1.5 billion.
The acquisition announcement by Metropolis Technologies has led to a positive market reaction, causing SP Plus shares to trade higher. This is likely due to the perceived value of the $1.5 billion deal, which may be seen as a positive development for SP Plus.
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