BSQR - Why Internet Company Bsquare's Shares Are Rising Thursday | Benzinga
Bsquare Corporation (NASDAQ: BSQR) shares are trading higher after the company said IOT Technology firm Kontron America will acquire the company for $1.90 per BSQR share.
The deal will be an all-cash transaction, representing an implied equity value of approximately $38 million.
The offer price represents a 62% premium to the trailing 52-week volume-weighted average of Bsquare's closing stock prices as of October 10, 2023, and a premium of 53% to the October 11, 2023 closing price.
Ralph C. Derrickson, Bsquare's President and CEO added: ...