SPAR Group Enters Into Definitive Agreement To Be Acquired By Highwire Capital For $2.50 Per Share
Portfolio Pulse from Benzinga Newsdesk
SPAR Group, Inc. (NASDAQ:SGRP) has entered into a definitive agreement to be acquired by Highwire Capital for $2.50 per share, a 72% premium over its last closing price. The acquisition will result in SPAR Group becoming a privately held company.
September 03, 2024 | 12:10 pm
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SPAR Group has agreed to be acquired by Highwire Capital for $2.50 per share, a significant premium over its recent trading price. This acquisition will take SPAR Group private.
The acquisition price of $2.50 per share represents a 72% premium over the last closing price, indicating a positive short-term impact on the stock price. The move to take the company private suggests a strategic shift, which is significant for investors.
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