Kontron America Agrees To Acquire Bsquare For $1.90 Per Share In An All-Cash Transaction, Representing An Implied Equity Value Of $38M
Portfolio Pulse from Benzinga Newsdesk
Kontron America has agreed to acquire Bsquare for $1.90 per share in an all-cash transaction, representing an implied equity value of $38M. The offer price represents a 62% premium to the trailing 52-week volume weighted average of Bsquare's closing stock prices as of October 10, 2023.
October 11, 2023 | 9:08 pm
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Bsquare's stock price is likely to increase in the short term due to the acquisition announcement by Kontron America at a 62% premium to its trailing 52-week average.
Acquisition announcements, especially at a premium, typically lead to an increase in the stock price of the company being acquired. In this case, Bsquare's stock price is likely to increase due to the 62% premium offered by Kontron America.
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