TSR Agrees To Be Acquired By Founder Of BCforward For $13.40 Per Share
Portfolio Pulse from Benzinga Newsdesk
TSR Inc. has agreed to be acquired by Vienna Acquisition Corporation, an affiliate of BCforward's founder, for $13.40 per share. This represents a 73.8% premium to TSR's closing price on May 14, 2024, with an equity value of approximately $29 million.
May 15, 2024 | 9:35 pm
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TSR Inc. has agreed to be acquired by Vienna Acquisition Corporation for $13.40 per share, representing a 73.8% premium to its closing price on May 14, 2024. The total equity value of the deal is approximately $29 million.
The acquisition price of $13.40 per share represents a significant premium of 73.8% over TSR's closing price, which is likely to drive the stock price up in the short term as investors react positively to the premium offer.
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