Delta Corp Holdings Merges With Kaival Brands To Create Publicly Traded Asset-Light Logistics Company, Valued At $619M In Revenue For 2023, With Deal At 359% Premium To Kaival's Current Stock Price
Portfolio Pulse from Benzinga Newsdesk
Delta Corp Holdings is merging with Kaival Brands to form a publicly traded asset-light logistics company, valued at $619 million in revenue for 2023. The deal is set at a 359% premium to Kaival's current stock price.
September 23, 2024 | 1:04 pm
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Kaival Brands is merging with Delta Corp Holdings to form a new logistics company, with the deal priced at a 359% premium to Kaival's current stock price. This merger is expected to significantly impact Kaival's stock price positively.
The merger with Delta Corp Holdings is set at a significant premium to Kaival's current stock price, indicating a strong positive impact on Kaival's stock. The formation of a new company with substantial revenue potential further supports this positive outlook.
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