MingZhu Logistics shares are trading lower after the company announced it will seek alternative options after a mutual agreement to terminate the proposed acquisition with Oxylus Global.
Portfolio Pulse from Benzinga Newsdesk
MingZhu Logistics shares fell after the company announced the termination of its proposed acquisition of Oxylus Global. The decision was mutual, and MingZhu will explore alternative options.
September 12, 2024 | 1:26 pm
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MingZhu Logistics' stock price declined following the announcement of the termination of its acquisition deal with Oxylus Global. The company is now seeking alternative options.
The termination of the acquisition deal is a significant event for MingZhu Logistics, likely causing investor uncertainty and leading to a short-term decline in stock price. The company's decision to seek alternative options may not immediately reassure investors.
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