Market Activity
What Caused Purple Innovation (PRPL) Stock to Rocket Today?
After receiving a takeover bid, Purple Innovation Inc. (NASDAQ: PRPL) shares increased 42.38% to trade at $3.97 in current market trading. At the end of the previous session, PRPL closed at $2.79. Who is the bidder for PRPL? In a statement released today, Purple Innovation (PRPL) confirmed that Coliseum Capital Management, LLC sent it an unsolicited, non-binding proposal on September 17, 2022. A bid of $4.35 per share was made to acquire all of PRPL’s outstanding capital stock. To determine the best course of action for Purple and all Purple shareholders, the PRPL Board of Directors will carefully review the
