U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 100 points on Friday. The Dow traded up 0.13% to 33,710.74 while the NASDAQ rose 0.99% to 13,331.54. The S&P 500 also rose, gaining, 0.50% to 4,321.11.
Blue Apron Shares Skyrocket as the Meal Kit Provider Is Purchased by Wonder Group investopedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investopedia.com Daily Mail and Mail on Sunday newspapers.
Shares of Blue Apron Holdings, Inc. (APRN) are trading up over 133 percent on Friday morning, after the company announced a merger deal to be acquired by Wonder Group.
Blue Apron said Friday it has signed a definitive agreement to be acquired by Wonder Group for $13 per share in cash, valuing the meal-kit company at about $103 million.
The purchase price.
Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Blue Apron Holdings, Inc. to Wonder Group for $13.00 in cash per share of Class A common stock is fair to Blue.