APRN / Blue Apron Shares Skyrocket as the Meal Kit Provider Is Purchased by Wonder Group

The pandemic lockdowns accelerated the use of food delivery and takeout services. Companies like Uber Technologies Inc NYSE: UBER, Uber Eats, Maplebea more_horizontal

Nike (NKE) shares close the week higher after reporting a first-quarter earnings beat. Wonder Group has reached a deal with Blue Apron (APRN) to acqui more_horizontal

Blue Apron has in recent months transitioned to become a more asset-light business, selling its operational infrastructure and laying off staff. more_horizontal

As competition for consumers' meal delivery spend heats up across businesses ranging from direct-to-consumer (D2C) sites and major food brands to rest more_horizontal

Shares of Blue Apron Holdings (APRN) more than doubled in early trading on Friday after Wonder Group agreed to purchase the meal kit provider for $103 more_horizontal

Shares of meal kit company Blue Apron are up 133% in early trading on Friday, following the company's announcement that it agreed to be purchased by W more_horizontal

Blue Apron announced the merger in a press release on Friday, which said Wonder is set "to acquire all outstanding shares of the company's Class A com more_horizontal

Blue Apron, a provider of meal kits, has entered into a definitive merger agreement to be acquired by Wonder Group, a company focused on at-home dini more_horizontal