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InsideArbitrage Potential Deal Alert: Target Hospitality (TH) approached by Arrow Holdings, an affiliate of TDR Capital

  • March 25, 2024

POTENTIAL DEAL DETAILS

StockTarget Hospitality Corp.SymbolTH
Date Announced03/25/2024Source Press Release
TypeUnsolicited BidAcquiring Company/Person Arrow Holdings, an affiliate of TDR Capital

Target Hospitality Corp. (TH) announced that the Board of Directors of Target Hospitality has received an unsolicited non-binding proposal from Arrow Holdings, an affiliate of TDR Capital, to acquire all of the outstanding shares of common stock of Target Hospitality for a cash consideration of $10.80 per share.

Target Hospitality Investor Relations

Update(s):

April 29, 2024: Target Hospitality (TH) announces formation of a special committee to consider and evaluate Arrow Holdings, an affiliate of TDR Capital’s $10.80 per share proposal and any alternative proposals.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.