FREE - Why Whole Earth Brands Stock Is Soaring | Benzinga
Whole Earth Brands, Inc. (NASDAQ:FREE) shares are trading higher Tuesday after the company announced it will be acquired by Sababa Holdings FREE, LLC.
The Details:
Whole Earth Brands confirmed it has entered into a definitive agreement pursuant to which Ozark Holdings, LLC, an affiliate of Sababa Holdings FREE, LLC, will acquire all of the outstanding shares of the company’s common stock that it does not already own in an all-cash transaction for $4.875 per share. This represents a 37% premium over Whole Earth's 60-day volume-weighted average price as of Feb. 12.
“Following a comprehensive review of strategic alternatives, we are pleased to ...