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Exela Technologies (NASDAQ: XELA) Surging in Premarket after Company Confirms Receipt of Takeover Bid

  • Jul 14, 2022 at 6:10 AM

Exela Technologies Confirms Receipt of Acquisition Proposal

IRVING, Texas, July 13, 2022 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (Exela or the Company) (NASDAQ: XELA, XELAP) today confirmed that it has received a preliminary, non-binding proposal (the Proposal) to acquire an approximately $200 million revenue business unit of Exela, subject to certain conditions, including due diligence. The Company is in active discussions with several counter-parties about additional acquisition proposals.

https://www.globenewswire.com/news-release/2022/07/13/2479090/0/en/Exela-Technologies-Confirms-Receipt-of-Acquisition-Proposal.html

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