SP - Why Parking Company SP Plus' Shares Are Skyrocketing Today? | Benzinga
SP Plus Corporation NASDAQ: SP) shares are trading higher Thursday morning as it entered into a definitive agreement to be acquired by Metropolis Technologies, Inc. for $54.00 per share in cash.
The enterprise value of the acquisition totaled approximately $1.5 billion. The deal represents a premium of approximately 52% to SP's closing stock price on October 4, 2023.
Metropolis develops and deploys computer vision technology that creates a "drive in ...