Laird Superfood jumps on disclosing takeover offer from EF Hutton

Laird Superfood

17/08/2022 13:59

** Shares of plant-based food company Laird Superfood Inc
 LSF.A  jump 16% premarket to $2.61
    ** Laird confirms it received an unsolicited offer from EF
Hutton SPV I LLC to acquire all of co's outstanding common stock
for $3/shr in cash  urn:newsml:reuters.com:*:nBw670Czsa
    ** Equity value of deal is $27.5 mln, according to Reuters
calculations
    ** Laird says shareholders do not need to take any action at
this time
    ** So far this year, LSF has fallen ~83%

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))