Adams Resources & Energy, Inc. to be Acquired by an Affiliate of Tres Energy LLC
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Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) is set to be acquired by an affiliate of Tres Energy LLC in an all-cash transaction valued at approximately $138.9 million.
November 12, 2024 | 2:30 pm
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Adams Resources & Energy, Inc. will be acquired by Tres Energy LLC affiliate in an all-cash deal valued at $138.9 million.
The acquisition of Adams Resources & Energy, Inc. by Tres Energy LLC affiliate is likely to lead to a short-term increase in AE's stock price due to the premium typically associated with acquisition deals. The all-cash nature of the transaction provides certainty to investors.
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