Stran & Co to buy Trend Brand Solutions, shares fall

Stran & Company

14/07/2022 16:36

** Shares of branding solutions firm Stran & Company Inc
 STRN.O  fall as much as 9% to over two-month low of $1.49
    ** Stock last down 3.3%, on course for fourth straight
session of losses
    ** STRN to buy Trend Brand Solutions, a global brand
solutions company headquartered in Tomball, Texas 
    ** The agreement contemplates the retention of all Trend
employees and Trend's CEO Michael Krauser will become STRN's
regional vice president, leading its Texas region operations 
    ** Deal is expected to close in Q3 2022  urn:newsml:reuters.com:*:nGNX8jChrZ
    ** Stock has fallen ~62% since its November IPO price of
$4.15

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))