Welcome to our dedicated page for VPGI news (Ticker: VPGI), a resource for investors and traders seeking the latest updates and insights on VPGI stock.
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VPGTP, Inc. intends to commence a tender offer for all shares of Velocity Portfolio Group, Inc. at $4.40 per share, reflecting a 35% premium over the recent closing price of $3.25. This offer, set to expire on May 26, 2021, aims to secure between 90% and 100% ownership of Velocity. Following the tender offer, if successful, a merger will occur, consolidating Velocity into VPGTP, Inc. The offer is not contingent on financing and hinges on obtaining necessary governmental approvals and shareholder participation.
