Brief: Atlantic International And Staffing 360 Solutions Enter Into Definitive Merger Agreement

Atlantic International

04/11/2024 13:27

Nov 4 (Reuters) - Atlantic International Corp  ATLN.PK :
    * ATLANTIC INTERNATIONAL CORP. AND STAFFING 360 SOLUTIONS,
INC.
ENTER INTO DEFINITIVE MERGER AGREEMENT TO ESTABLISH LEADING
HUMAN CAPITAL MANAGEMENT, OUTSOURCED SERVICES AND WORKFORCE
SOLUTIONS COMPANY
    * ATLANTIC INTERNATIONAL CORP - COMBINED ANNUAL REVENUE
EXPECTED
TO BE APPROXIMATELY $620 MILLION
    * ATLANTIC INTERNATIONAL CORP - JEFFREY JAGID TO REMAIN CEO
OF
COMBINED COMPANY
    * ATLANTIC INTERNATIONAL CORP - TO ACQUIRE STAFFING 360
SOLUTIONS
FOR $25 MILLION
    * ATLANTIC INTERNATIONAL CORP - SHAREHOLDERS TO OWN 90% OF
COMBINED COMPANY

Source text:  ID:nBwbBMN0ha 
Further company coverage:  ATLN.PK 

 (Reuters.Briefs@thomsonreuters.com)