Vestis Shares Move Lower; Elis Announces Termination Of Discussions With Vestis And UniFirst
Portfolio Pulse from Benzinga Newsdesk
Elis has terminated discussions with Vestis and UniFirst regarding potential US market entry, citing financial discipline. Vestis shares moved lower following the announcement.
October 04, 2024 | 1:17 pm
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NEGATIVE IMPACT
Vestis shares declined after Elis announced the termination of discussions for a potential US market entry, which included Vestis.
The termination of discussions with Elis likely disappointed investors who anticipated a potential deal, leading to a decline in Vestis shares.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80