Redishred Capital ( (TSE:KUT) ) just unveiled an announcement.
Redishred Capital Corp. has received a final court approval for its acquisition by a subsidiary of VRC Companies, LLC, under a plan of arrangement where VRC will acquire all outstanding shares for CA$5.00 each. This transaction, expected to close soon, will result in Redishred’s shares being delisted from the TSX Venture Exchange, and the company will apply to cease being a reporting issuer, marking a significant change in its market positioning and operations.
More about Redishred Capital
Redishred Capital Corp. owns the PROSHRED®, PROSCAN, and secure e-Cycle brands in the U.S., specializing in digitizing, securing, shredding, and recycling confidential documents. The company is a leader in mobile document destruction, holding ISO 9001:2015 certification, and aims to be a global service provider through franchising and corporate operations, generating stable cash flow with a focus on recycling and shredding services.
YTD Price Performance: 1.64%
Average Trading Volume: 58,098
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$91.31M
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