BARK Shares Rise After All-Cash Take-Private Proposal From Great Dane Ventures

MT Newswires Live

12小時前

BARK (BARK) shares rose 26% in recent Monday trading after the company said its board received a preliminary non-binding all-cash proposal to take the company private at $0.90 per share.

The proposal was made by Great Dane Ventures, a group of existing shareholders that includes Chief Executive Officer Matt Meeker and several investment firms, the company said late Friday.

Under the proposal, Great Dane would acquire all remaining outstanding shares. BARK's board has formed a special committee, supported by external advisers, to evaluate the offer, the company added.

Price: 0.78, Change: +0.16, Percent Change: +25.26

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