Atlantic International Corp. (ATLN) entered a merger agreement on November 4, 2024, to acquire Staffing 360 Solutions, Inc. (STAF) in an all-stock deal valued at $25 million.
As per the terms of the agreement, Staffing 360 shareholders will receive 1.202 Atlantic shares for each Staffing 360 share, representing a value of $6.29 per share. The value represents a 270% premium from the stock’s last close.