SPAR Group Affirms Intent To Close Highwire Merger; Stockholders Approved Merger On October 25, 2024 On The $2.50 Per Share Merger Consideration
Benzinga Newsdesk 1 year ago
M&A
Stockholders Approved Merger on October 25, 2024$2.50 Per Share Merger ConsiderationUnanimously Approved by SPAR Group Board of Directors AUBURN HILLS, Mich., Dec. 11, 2024 (GLOBE NEWSWIRE) -- SPAR Group,
- Stockholders Approved Merger on October 25, 2024
- $2.50 Per Share Merger Consideration
- Unanimously Approved by SPAR Group Board of Directors
AUBURN HILLS, Mich., Dec. 11, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SGRP", "SPAR Group" or the "Corporation"), a provider of merchandising, marketing and distribution services, in response to media and investor inquiries, affirms intent to close the proposed acquisition (the "Proposed Acquisition") by Highwire Capital.
As previously announced, SPAR Group entered into the Agreement and Plan of Merger, dated August 30, 2024, by and among SGRP, Highwire Capital and Highwire Merger Co. I, Inc., a wholly owned subsidiary of Highwire Capital, whereby SPAR Group is to be acquired by Highwire Capital in an all cash transaction. SPAR Group's stockholders approved the transaction in a special meeting conducted on October 25, 2024.