Reported Earlier, ARC Document Solutions Received A Non-binding Proposal On April 8, 2024, From Its Chairman And CEO For Acquisition Of All Of The Outstanding Shares Not Already Owned By Him In A Going-private Transaction At $3.25 Per Share In Cash
Portfolio Pulse from Benzinga Newsdesk
ARC Document Solutions received a non-binding proposal from its Chairman and CEO to acquire all outstanding shares not already owned by him in a going-private transaction at $3.25 per share in cash.
July 03, 2024 | 6:54 am
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ARC Document Solutions received a non-binding proposal from its Chairman and CEO to acquire all outstanding shares not already owned by him in a going-private transaction at $3.25 per share in cash.
The proposal to take ARC private at a premium price of $3.25 per share is likely to drive the stock price up in the short term as investors react positively to the potential acquisition.
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