Arrow Holdings proposes to acquire Target Hospitality Corp for $10.80/share in cash, a 21% premium.
Arrow Holdings, an affiliate of TDR Capital LLP, submitted a non-binding proposal to acquire all outstanding shares of Target Hospitality Corp for $10.80 per share in cash. The company's board plans to establish a special committee of independent directors to review the proposal, and no decision has been made regarding the company's response. The offer represents a 21% premium to Target Hospitality's Friday closing stock price.
March 25, 2024
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