After-Hours Alert: What's Going On With Vitamin Shoppe Owner Franchise Group Stock?

Franchise Group Inc (NASDAQ:FRG), the owner of Vitamin Shoppe, shares popped late in Tuesday's session and are continuing higher after hours following reports the company is considering going private.

Separately, Franchise Group is reportedly eyeing a potential acquisition of Conn's Inc (NASDAQ:CONN).

What Happened: According to a Wall Street Journal report citing people familiar with the matter, Franchise Group is considering going private via a management buyout.

CEO Brian Kahn and other company management team members could pay between $30 and $35 per share for the deal, which is reportedly in the early stages.

Separately, Franchise Group is considering a potential deal to acquire furniture chain Conn's.

Franchise Group owns several consumer-facing businesses, including Vitamin Shoppe, American Freight, Pet Supplies Plus, and Buddy's Home Furnishings.

FRG Price Action: Franchise Group shares closed Tuesday up 0.7% at $30.13.

The stock was up another 0.9% in after-hours at $30.40 at the time of publication, according to Benzinga Pro.

Photo: Mike Mozart from Flickr.

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