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home / news releases / FREE - Whole Earth Brands jumps 27% on $4 a share takeover offer

FREE - Whole Earth Brands jumps 27% on $4 a share takeover offer

Whole Earth Brands Inc.

2023-06-26 10:59:16 ET

  • Whole Earth Brands ( NASDAQ: FREE ) soared 27% after its largest shareholder offered to buy the sugar alternatives company for about $170 million.
  • Martin Franklin, who owns a 21% stake in Whole Earth Brands ( FREE ), delivered a non-binding proposal to acquire the company for $4 per share on Sunday, according to a 13D filing on Monday. The offer represents a 28% premium to Whole Earth's closing price on Friday.
  • Franklin wants to combine Whole Earth ( FREE ) with Royal Oak Enterprises LLC,  for which Franklin serves as Executive Chairman, according to the filing.

For further details see:

Whole Earth Brands jumps 27% on $4 a share takeover offer
Stock Information
Company Name: Whole Earth Brands Inc.
Stock Symbol: FREE
Market: NASDAQ
Website: wholeearthbrands.com
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