Trans World: Eyes best day ever on deal to sell unit for $10 mln

Kaspien Holdings

23/01/2020 17:09

** Entertainment products retailer's shares  TWMC.O  more
than triple to $8; set to post its best day ever
    ** Company enters deal to sell its For Your Entertainment
segment for $10 mln in cash to a unit of Sunrise Records and
Entertainment Ltd  urn:newsml:reuters.com:*:nGNX6hR71N
    ** Last year, TWMC raised doubts of ability to continue as
going concern and the deal follows the process of exploring
strategic alternatives for the company
    ** Stock has fallen ~26% in the past 12 months

 (Reporting by Nilanjana Basu)
 ((Nilanjana.Basu@thomsonreuters.com;))