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RBCN / Rubicon stock soars toward 6 1/2-year high after Janel to buy large stake at a 120% premium

Rubicon stock soars toward 6 1/2-year high after Janel to buy large stake at a 120% premium
Shares Rubicon Technology Inc. soared 70.0% toward a 6 1/2-year high in premarket trading Tuesday, after Janel Corp. JANL, +9.59% launched a tender offer to buy a 45% interest in the optical systems company for $20.00 a share. The price of the tender offer represents a 119.8% premium to Friday's closing price of $9.10. Read More
Posted: Jul 5 2022, 08:35
Author Name: Market Watch
Views: 110120

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Rubicon Technologies (NYSE: RBT ) stock is climbing higher on Wednesday despite a lack of news from the waste recycling digital marketplace company. more_horizontal

Rubicon stock soars toward 6 1/2-year high after Janel to buy large stake at a 120% premium

By Market Watch
July 5, 2022

Rubicon stock soars toward 6 1/2-year high after Janel to buy large stake at a 120% premium

Shares Rubicon Technology Inc. soared 70.0% toward a 6 1/2-year high in premarket trading Tuesday, after Janel Corp. JANL, +9.59% launched a tender of more_horizontal


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