US-based SPAR Group's shares gain on Highwire Capital's take-private plan

Spar

03/09/2024 13:57

** SPAR Group's  SGRP.O  shares up 66% at $2.41 premarket
    ** Investment firm Highwire Capital to take SPAR private
    ** Offers company's shareholders $2.50/shr in cash,
representing ~72% premium over SPAR's last close
    ** SPAR provides marketing and distribution services to
retailers and brands
    ** Company's shares up 43.6% YTD as of last close

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com))