Staffing 360 Solutions Soars On $25M Buyout Deal With Atlantic: Details

Benzinga11-04

Staffing 360 Solutions, Inc. (NASDAQ:STAF) shares surged on Monday after the company disclosed a definitive agreement under which Atlantic International Corp. (OTC:ATLN) will acquire all outstanding ...

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(OTC:ATLN) will acquire all outstanding ...</p>\n\n<a href=\"https://finance.yahoo.com/news/staffing-360-solutions-soars-25m-150828254.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Staffing 360 Solutions Soars On $25M Buyout Deal With Atlantic: Details</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStaffing 360 Solutions Soars On $25M Buyout Deal With Atlantic: Details\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-04 23:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/staffing-360-solutions-soars-25m-150828254.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Staffing 360 Solutions, Inc. (NASDAQ:STAF) shares surged on Monday after the company disclosed a definitive agreement under which Atlantic International Corp. (OTC:ATLN) will acquire all outstanding ...</p>\n\n<a href=\"https://finance.yahoo.com/news/staffing-360-solutions-soars-25m-150828254.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STAF","symbol_name":"Staffing 360 Solutions Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/staffing-360-solutions-soars-25m-150828254.html","article_id":"2480584024","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/tT1YgphXKzSSUtpKEiqcww--~B/aD01NzY7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/757c297d9713c7bde814e71287ea2a71"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480584024","pubTimestamp":1730732908,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Staffing 360 Solutions, Inc. shares surged on Monday after the company disclosed a definitive agreement under which Atlantic International Corp.  willacquire all outstanding shares of Staffing’s common stock valued at ~$25 million.As per the deal, Staffing 360 shareholders are set to receive 1.202 shares of Atlantic for each share they hold.Upon completion of the acquisition, Atlantic and Staffing 360 shareholders will own approximately 90% and 10% of the fully diluted combined company, respectively.The transaction is anticipated to be finalized within the next 90 days, pending approval from Staffing 360’s shareholders and other standard closing conditions, including regulatory approval.Once completed, Staffing 360 will operate as a wholly-owned subsidiary of Atlantic, maintaining its current leadership team and brand.Shareholders will receive information about the record date and the date for the special meeting to vote on the transaction in the coming days.With a combined pro-forma r","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"STAF":"Staffing 360 Solutions Inc.","BK4130":"人力资源与就业服务"},"translate_title":"Staffing 360 Solutions与Atlantic达成2500万美元收购协议，股价飙升：详情","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STAF":1},"content_text":"Staffing 360 Solutions, Inc. (NASDAQ:STAF) shares surged on Monday after the company disclosed a definitive agreement under which Atlantic International Corp. (OTC:ATLN) will acquire all outstanding shares of Staffing’s common stock valued at ~$25 million.\nAs per the deal, Staffing 360 shareholders are set to receive 1.202 shares of Atlantic for each share they hold.\nUpon completion of the acquisition, Atlantic and Staffing 360 shareholders will own approximately 90% and 10% of the fully diluted combined company, respectively.\nThe transaction is anticipated to be finalized within the next 90 days, pending approval from Staffing 360’s shareholders and other standard closing conditions, including regulatory approval.  \nOnce completed, Staffing 360 will operate as a wholly-owned subsidiary of Atlantic, maintaining its current leadership team and brand.\nShareholders will receive information about the record date and the date for the special meeting to vote on the transaction in the coming days.\nWith a combined pro-forma revenue base of approximately $620 million, shareholders of Atlantic and Staffing is expected to benefit from the enhanced scale, liquidity, and capital opportunities presented by the larger merged company.\nAtlantic’s CEO Jeffrey Jagid said, “The merger provides a unique opportunity to increase our business by approximately 50 percent to an annualized revenue run rate of approximately $620 million and allows us to become an even bigger force in the broad staffing sector.”\nBrendan Flood, Staffing 360’s CEO, stated, “Building on complementary footprints and shared values, our combined company will be even better positioned to deliver enhanced levels of service to a growing number of companies throughout the United States whose management teams recognize the value of outsourcing and the trends toward engaging flexible workforces.”\nPrice Action: STAF shares are up 52.9% at $2.60 at the last check Monday.\nImage via Unsplash\nRead Next:\n\nRyanair Q2: Revenue Climbs, Traffic Surges, But Boeing Delays And Cost Pressures Weigh On Results\n\nUNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.\nGet the latest stock analysis from Benzinga?\n\nThis article Staffing 360 Solutions Soars On $25M Buyout Deal With Atlantic: Details originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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