Franchise Group (NASDAQ: FRG), the investment firm that owns retailers like Vitamin Shoppe could be contemplating buying furniture chain Conn’s (NASDAQ: CONN), according to Wall Street Journal.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Shares of CONN were on an upswing in pre-market trading on Wednesday.
The report also stated that FRG could also be contemplating going private in a management buyout where the company’s management, led by CEO Brian Kahn could pay a price in the range of $30 to $35 a share.
There is the possibility that either one of these transactions will happen or both will, according to the report.
FRG stock has dropped more than 35% in the past year.