SPAR Group Announces Closing of its Brazil Holding Company Sale [Yahoo! Finance]
SPAR Group, Inc. (SGRP)
US:NASDAQ Investor Relations:
investors.sparinc.com/investor-relations
Company Research
Source: Yahoo! Finance
AUBURN HILLS, Mich., June 06, 2024 BUSINESS WIRE SPAR Group , Inc. (NASDAQ: SGRP) ("SPAR," "SPAR Group," or the "Company"), a provider of merchandising, marketing, and distribution services, announces the closing on June 3, 2024, of the sale of its Brazilian holding company, which in turn owns its majority share in the Brazil joint venture, to a minority shareholder in a leveraged buyout for approximately $12 million USD. "The closing of the Brazil sale is another step in simplifying our operating structure and bringing cash back into the business. This has been a great joint venture for SPAR and we will maintain our relationship with the business in Brazil as it may add value to clients, but we have streamlined our business and remain bullish on growth and profitability," said Mike Matacunas, SPAR Group CEO. About SPAR Group, Inc. SPAR Group is an innovative services company offering comprehensive merchandising, marketing and distribution solutions to retailers and brands. We
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SGRP
News
- Kuehn Law Encourages MGRC, SLCA, HCP, and SGRP Investors to Contact Law FirmPR Newswire
- Shoppers Demand Higher Service Levels from Retail, SPAR Group Survey RevealsBusiness Wire
- SPAR GROUP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of SPAR Group, Inc. - SGRPAccesswire
- SPAR Group Announces Closing of its Brazil Holding Company SaleBusiness Wire
- SGRP Stock Alert: Halper Sadeh LLC Is Investigating Whether the Proposed Sale of SPAR Group, Inc. Is Fair to ShareholdersBusiness Wire
SGRP
Earnings
- 5/15/24 - Beat
SGRP
Sec Filings
- 6/10/24 - Form 4
- 6/7/24 - Form 4
- 6/7/24 - Form 4
- SGRP's page on the SEC website