SPAR Group Enters Nn-Binding Letter Of Intent To Go Private With Highwire Capital; Highwire Has Offered To Acquire Co. For $2.50/Share
Portfolio Pulse from Benzinga Newsdesk
SPAR Group has entered a non-binding letter of intent to go private with Highwire Capital, which has offered to acquire the company for $2.50 per share.
June 05, 2024 | 12:10 pm
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SPAR Group (SGRP) has entered a non-binding letter of intent to be acquired by Highwire Capital for $2.50 per share. This move could lead to the company going private.
The acquisition offer at $2.50 per share is likely to drive the stock price up in the short term as investors anticipate the buyout. The move to go private could also reduce market volatility for the stock.
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