Here's Why Steel Connect Shares Are Up Premarket

Loading...
Loading...
  • Steel Partners Holdings LP SPLP agreed to acquire the remaining shares of Steel Connect, Inc STCN for $1.35 per share in cash and earn-out consideration.
  • Steel Connect shares closed at $1.21 on June 10.
  • Steel Connect will become a wholly-owned subsidiary of Steel Partners under the arrangement.
  • Steel Partners held $201.4 million in cash and equivalents as of March 31, 2022.
  • Price Action: STCN shares traded higher by 15.70% at $1.40 in the premarket on the last check Monday.
Posted In: M&ANewsPenny StocksSmall CapMoversTechTrading IdeasBriefswhy it's moving
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!

Loading...