Arrow Holdings Announced In Amended 13D Filing, A Non-binding Proposal To Acquire All Of The Outstanding Shares Of Common Stock Of Target Hospitality Not Owned By Arrow For Cash Consideration Of $10.80/Share
Portfolio Pulse from Charles Gross
Arrow Holdings has made a non-binding proposal to acquire all outstanding shares of Target Hospitality (TH) not already owned by Arrow, offering $10.80 per share in cash.
March 25, 2024 | 12:04 pm
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POSITIVE IMPACT
Arrow Holdings proposes to acquire all outstanding shares of Target Hospitality not already owned by Arrow for $10.80 per share in cash.
The proposal from Arrow Holdings to acquire the remaining shares of Target Hospitality at a premium is likely to positively impact TH's stock price in the short term. Investors often view acquisition proposals, especially cash offers above the current market price, as positive news, leading to an increase in stock price as the market reacts to the potential for the deal to go through.
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