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Adams Resources Completes Merger and Announces Delisting

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Adams Resources Completes Merger and Announces Delisting

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Adams Resources ( (AE) ) has shared an update.

Adams Resources announced the completion of a merger, resulting in the conversion of common stock shares into a cash payout of $38 per share and the vesting and conversion of equity awards into cash. Consequently, Adams Resources’ common stock will be delisted from the NYSE American before February 5, 2025, and its directors have resigned, with new directors appointed.

More about Adams Resources

YTD Price Performance: 1.82%

Average Trading Volume: 21,137

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $97.77M

For a thorough assessment of AE stock, go to TipRanks’ Stock Analysis page.

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