Whole Earth Brands jumps on agreement to be acquired by affiliates of Sababa Holdings

• Whole Earth Brands (NASDAQ:FREE) on Tuesday confirmed that it has entered into an agreement to be acquired by Ozark Holdings, an affiliate of Sababa Holdings FREE, in an all-cash transaction for $4.875 per share.
• FREE stock jumped 34% premarket.
• This represents a 56% premium over the company’s share price at market close on June 23, 2023 prior to receiving Sababa’s initial $4.00 per share bid.
• The transaction is expected to close in the second quarter of 2024.
• The company expects to release its customary financial results for the fourth quarter and full year ended December 31, 2023 in March 2024.
• Upon completion of the transaction, the company’s common stock will no longer be listed on Nasdaq.
• Source: Press Release

More on Whole Earth Brands

• Whole Earth Brands: Story Remains Unchanged
• Seeking Alpha’s Quant Rating on Whole Earth Brands
• Historical earnings data for Whole Earth Brands
• Financial information for Whole Earth Brands