stock futures jumped on Monday as investors await comments from the Fed members at an Official Monetary and Financial Institutions Forum panel, to be held virtually.
The price tag represents a 33.6% premium to Raven’s 4-week volume-weighted average stock price, and an enterprise value of $2.1 billion.
Raven Industries CEO Dan Rykhus said, “For 65 years, our company has been committed to solving great challenges.
Trinity Place Holdings Inc was the biggest laggard in pre-market trading, as the stock plunged around 10.6% at the time of writing.
In M&A news, Westlake Chemical Corporation North American building products businesses.
The acquisition includes Boral’s roofing, decorative stone, and windows products businesses and almost doubles the size of Westlake’s building products business.
This gives access to valuable technology, which can be used by people to generate preview clips of podcasts.
In other news, Accenture Federal Services, a subsidiary of global professional services giant Accenture , has received an order from the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency worth $112 million to provide safety against cyberattacks.
Accenture Federal Services’ MD Aaron Faulkner commented, “Now, more than ever, it is crucial for our nation to move from a ‘detect and respond’ to a ‘predict and prevent’ model for dealing with cyberattacks.