TBC To Buy Midas For $11.50/Share

TBC Corp reported that it has agreed to acquire Midas Inc MDS for $11.50 per share. The deal is valued at around $310 million, including the assumption of around $137 million in debt and liabilities. The offer price represents a 28% premium to Midas' closing price on Monday. The deal is likely to close by the end of the second quarter. MDS shares surged 26.25% to $11.35 in pre-market trading.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsM&Amerger and acquisition
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!