• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Vestis shares up after report of buyout interest

by December 10, 2024
written by December 10, 2024

Investing.com — Shares of Vestis Corp (NYSE:VSTS) were up 1.2% to $16.50 on Tuesday following a Reuters report that Advent International and Apollo Global Management (NYSE:APO) are among the private equity firms exploring a potential acquisition of the uniform supplier.

According to the report, Roswell, Georgia-based Vestis has engaged financial advisers to assess interest from potential buyers. The process began after the company received an acquisition offer from French competitor Elis SA.

Vestis became an attractive target after it lowered its fiscal-year earnings and revenue forecasts in May, triggering a sharp decline in its stock price. Subsequently, activist investor Corvex Management, led by hedge fund veteran Keith Meister, acquired a stake in the company and secured Meister a position on Vestis’s board of directors in June.

 

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Oracle slides as revenue target miss spotlights tough cloud competition
next post
Tokyo government to introduce four-day workweek for its employees

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Intel CEO Pat Gelsinger retires, stock rises
    • Taiwan stocks higher at close of trade; Taiwan Weighted up 0.32%

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy