Digital Brands Group receives all-cash buyout proposal at USD 77.58 per share - DBGI News | RalliesDigital Brands Group receives all-cash buyout proposal at USD 77.58 per share
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DBGI• All-cash buyout proposal
- Digital Brands Group received a proposal from an existing shareholder to buy all outstanding common shares for USD 77.58 a share in cash.
- The offer implies a 258% premium to the stock’s USD 21.63 trading price.
- The board is evaluating the proposal with its financial adviser as part of a strategic alternatives review.
- The bidder was described as having a net worth of more than USD 1 billion.
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