Shares of Blue Apron Holdings, Inc. (APRN) are trading up over 133 percent on Friday morning, after the company announced a merger deal to be acquired by Wonder Group.
According to the deal, Blue Apron shareholders will be entitled to receive $13 in cash per Class A share through a tender offer, representing an equity value of around $103 million.
FreshRealm, Inc., which beneficially owns around 16.5 percent of Blue Apron's Class A shares, has agreed to exercise its warrant as part of the transaction and then tender the shares.
APRN is gaining by 133.52 percent at $12.82 per share in the pre-market trade on the Nasdaq.
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