10:21 AM EST - Freshii Inc. : Has entered into an arrangement agreement pursuant to which Foodtastic Inc. will acquire all the issued and outstanding shares of Freshii for $2.30 per share in cash, representing total consideration of approximately $74.4 million on a fully diluted basis. The consideration represents a 148% premium to the 20-day volume-weighted average price per share for the period ending on December 16,, and a 142% premium to the closing price on December 16, 2022. Freshii Inc.
shares T.FRII are trading up $1.27 at $2.22.
