1847 Goedeker To Acquire Florida-based Luxury Appliance Retailer For Undisclosed Sum

July 7, 2021 10:24 AM | 24 seconds read

1847 Goedeker Inc GOED and its Appliances Connection Business inked an agreement to acquire a Florida-based premium and luxury appliance retailer.
The financial terms of the transaction remain undisclosed.
The transaction is likely to be completed during Q3 of 2021.
1847 Goedeker and Appliances Connection Business held $40.1 million in cash and equivalents on a proforma basis as of March 31, 2021.
Price action: GOED shares traded lower by 10.2% at $3.18 on the last check Wednesday.

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