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:
-
Binance CEO CZ Explains What Tesla’s Q2 2022 $BTC Sales Means for Bitcoin
-
Bitcoin (BTC) Supply on Exchanges Drops to 6-Year Low as Tether Whales Eye Market Entry
-
Cryptos Slide After A Brilliant Rally
-
Cryptos Muted As Fed Hints Of Pain Ahead
-
Bitcoin Miners Dump $55 Million Worth of $BTC Amid Price Drop to Key Support Level