Redishred Capital (TSE:KUT) has released an update.
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Redishred Capital Corp. has announced an acquisition agreement with VRC Companies, LLC, where all outstanding shares will be purchased for CA$5.00 each, valuing the company at approximately CA$95 million. This acquisition comes after a thorough strategic review aimed at maximizing shareholder value and offers a significant premium over recent trading prices. The deal ensures shareholders benefit from immediate liquidity and certainty of value.
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