Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- FEMSA or Fomento Economico Mexicano SAB ADR’s (NYSE:FMX) specialized distribution subsidiary in the U.S., Envoy Solutions, has agreed to acquire Penn Jersey Paper Co, an independent specialized distribution company based in Philadelphia, Pennsylvania. The financial terms of the deal were not disclosed.
- The acquisition will help spread the company’s distribution footprint along the East Coast, expanding its coverage to include the Philadelphia metro area and New York City.
- Penn Jersey Paper’s revenue for the last twelve months as of June 2021 was over $200 million.
- FEMSA expects the deal to close in Q3 2021.
- The company held 107 billion Pesos in cash and equivalents as of June 30, 2021.
- Price Action: FMX shares are trading lower by 0.03% at $84.54 on the last check Wednesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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