- American Rebel Holdings ( NASDAQ: AREB ) entered into an agreement to acquire gun safes manufacturer Champion Safe Company and its ancillary companies for ~$9.9M.
- The transaction is expected to add more than $20M in revenues to American Rebel and be accretive to net income.
- The acquisition, expected to close on or before Aug. 31, is subject to customary approvals, the obtaining of financing and other closing conditions.
- AREB shares were trading +46.63% pre-market.
- Source: Press Release
For further details see:
American Rebel to acquire gun safes manufacturer Champion Safe