Shares of flatbed and specialized transportation and logistics provider Daseke, Inc. (DSKE) are rising more than 14% Monday morning after the company announced its decision to repurchase the total stake of its founder, Don R. Daseke for $6 per share in a transaction valued about $107.6 million.
The company has entered into an agreement with Daseke to buyback 28.6% of his stock holding by paying $40 million in stock and issuing 67,597 shares of Series B Perpetual Redeemable Preferred Stock.
The repurchase is expected to close later this week.
DSKE is at $6.85 currently. It has traded in the range of $4.69-$13.17 in the last 1 year.
Source: Read Full Article
Lates News:
-
US Senators Reintroduce Bill To Investigate Bitcoin Adoption In El Salvador
-
Mativ Rallies 13% On Proposed Sale Of Engineered Papers Business
-
Dan Tapiero Predicts “Explosive Upmove” For Bitcoin Amid Fed Policy Concerns
-
Cryptos Subdued But Bitcoin Firm Above $30k
-
Can Bitcoin Maintain the Latest Rally? Experts Express Mixed Reactions