Atlantic International to acquire Staffing 360 Solutions in $25M transaction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 04 2024
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Acquisition Announcement: Atlantic International (ATLN) will acquire Staffing 360 Solutions (STAF), with shareholders receiving 1.202 Atlantic shares for each Staffing 360 share, resulting in a combined ownership of approximately 90% and 10%, respectively.
Next Steps: The transaction is expected to close within 90 days, pending approval from Staffing 360's shareholders and regulatory bodies, while Staffing 360 will continue to operate under its current leadership as a subsidiary of Atlantic.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
