Chicken Soup for the Soul Entertainment surges again as it closes deal to buy Redbox

Dow Jones2022-08-11

MW Chicken Soup for the Soul Entertainment surges again as it closes deal to buy Redbox

Chicken Soup for the Soul Entertainment $(CSSE)$ shares jumped 29% in preopen trade, after rallying by 30% on Wednesday, as it closes its deal to buy DVD retailer Redbox Entertainment $(RDBX)$. The deal calls for each Redbox share to be converted to 0.087 Chicken Soup shares. According to Nasdaq, if the merger closes as anticipated, Redbox will remain halted on Thursday and be suspended effective Aug. 12, 2022.

-Steve Goldstein

$(END)$ Dow Jones Newswires

August 11, 2022 05:49 ET (09:49 GMT)

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