CompoSecure Announces Share Purchase Agreement with Husky
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CompoSecure, Inc. announced a Share Purchase Agreement with Husky Technologies Limited valued at approximately $3.953 billion. This agreement will make Husky an indirect wholly owned subsidiary of CompoSecure, pending shareholder approval and regulatory clearances. The transaction aims to enhance CompoSecure’s market position. Analysts rate CMPO stock as a Buy with a $26.00 price target, although concerns about profitability and negative equity affect its overall score. CompoSecure operates in the financial technology sector, focusing on secure payment card solutions.
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