CEA Industries Negotiating Deal to Acquire Specialty Retailer; Shares Rise

MT Newswires Live12-04

CEA Industries (CEAD) shares climbed by more than 15% in midday trading Tuesday after the company said it has signed a non-binding letter of intent to acquire a target in specialty retail and manufacturing.

The transaction will include a combination of cash, shares and debt, the company said.

CEA Industries said it plans to execute a definitive agreement before year-end and to complete the deal in Q1.

Price: 7.12, Change: +0.91, Percent Change: +14.61

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment