CEE Group Inc (NYSEMKT: JOB)
CEE Group is having an incredibly strong start to the trading session today after announcing big mergers and acquisitions news. When the news was announced, investor excitement ensued, leading to big gains and of course, an alert from our partners at Trade Ideas. At the moment (10:14), JOB is trading at $6.20 per share after a gain of $1.25 per share or 25.25% thus far today.
JOB Stock Offers Merger News
As mentioned above, CEE Group is having a strong start to the trading session in the market today after announcing big merger news. The company announced that it has acquired SNI Companies. The acquisition is expected to be accretive to GAAP earnings per share and generate significant adjusted EBITDA. Under the terms of the agreement, JOB has agreed to pay $86 million, which was paid at the closing of the deal.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on JOB. In particular, we’re interested in following the company to see how the acquisition equates to profits. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
What Do You Think?
Where do you think JOB stock is headed moving forward? Join the discussion in the comments below!
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