Whole Earth Brands, Inc. (NASDAQ:FREE) shares are trading higher Monday after a 13D filing revealed a proposal by Martin Franklin to Irwin Simon to acquire the company.
What To Know: The 13D filing showed that Martin Franklin delivered a non-binding proposal to Irwin Simon, the Executive Chairman of the board of directors of Whole Earth, to acquire the company for $4 per share in cash.
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FREE Price Action: Shares of FREE were up 25.5% at $3.92 at the time of publication, according to Benzinga Pro.
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