Target Hospitality stock drops as special committee to evaluate buyout offer disbanded [Seeking Alpha]
Target Hospitality Corp. (TH)
Last target hospitality corp. earnings: 3/11 04:15 pm
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Source: Seeking Alpha
Target ( TH ) in April formed a special committee to evaluate the takeover offer from Arrow Holdings. Back in March, Arrow Holdings, an affiliate of TDR Capital, offered to buy all of the outstanding shares of Target Hospitality ( TH ) for a cash consideration of $10.80 a share. In connection with its review of the offer, the special committee launched a formal process to solicit offers for the company and invited Arrow to participate in such a process. However, no formal offers were received and Arrow did not reaffirm the TDR Offer or advance any alternative proposal. Shares fell over in premarket trading in response. The company said it will continue to focus on allocating capital to high return initiatives, including in-organic growth. It also reaffirmed its outlook for this year. Brad Archer, president and CEO commented, “Our underlying business fundamentals remain strong, and the Company continues to perform well, capitalizing on healthy demand for our services and our
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News
- Playa Hotels & Resorts (NASDAQ:PLYA) Q3 Earnings: Leading The Travel and Vacation Providers Pack [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy Target Hospitality (TH) Stock? [Yahoo! Finance]Yahoo! Finance
- Target Hospitality Announces Pecos Children's Center Contract Extension, Reaffirms 2024 Financial Outlook and Enhances Strategic Capabilities [Yahoo! Finance]Yahoo! Finance
- Target Hospitality Announces Pecos Children's Center Contract Extension, Reaffirms 2024 Financial Outlook and Enhances Strategic CapabilitiesPR Newswire
- Target Hospitality Corp. (NASDAQ: TH) had its "market perform" rating re-affirmed by analysts at Oppenheimer Holdings Inc..MarketBeat
TH
Earnings
- 11/12/24 - Beat
TH
Sec Filings
- 11/18/24 - Form 8-K
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- TH's page on the SEC website