Blue Apron to be acquired by food delivery firm Wonder Group for $103 mln

Blue Apron Holdings

29/09/2023 12:21

Sept 29 (Reuters) - Meal-kit maker Blue Apron  APRN.O 
on Friday said it would be acquired by food delivery company
Wonder Group in an all-stock deal for $103 million.
    Blue Apron stockholders will receive $13 per share, which
represents a 137% premium to the stock's Thursday closing price
of $5.49. The deal is expected to close in the fourth quarter of
2023.
    Shares of Blue Apron more than doubled in premarket trade
after WSJ reported the news first, citing executives from both
companies.
    Blue Apron was the first U.S. meal-kit company to go public,
with an IPO in June 2017, which valued the company at $1.89
billion.

 (Reporting by Juveria Tabassum; Editing by Varun H K)
 ((Juveria.Tabassum@thomsonreuters.com;))