Home / Market News / Plant-based food company Laird Superfood confirms unsolicited bid from EF Hutton at $3 a share in cash

Plant-based food company Laird Superfood confirms unsolicited bid from EF Hutton at $3 a share in cash

Laird Superfood Inc. , a maker of plant-based foods, confirmed Wednesday that it has received an unsolicited bid from EF Hutton SPV I LLC to acquire all of its outstanding stock for $3 a share in cash. The stock closed Tuesday at $2.25. “The Laird Superfood Board of Directors will carefully review the proposal and determine the course of action that it believes is in the best interests of the Company and all Laird Superfood shareholders,” the company said in a statement. It will offer no further public comment until it determines its in the best interest of shareholders, the statement added. The stock was not yet active premarket but has fallen 83% in the year to date, while the S&P 500 has fallen 9.7%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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