ADW Capital Offers $18 Cash Per Share to Buy Driven Brands
ADW offers $18/share to buy Driven Brands, ~40% premium, says stock is undervalued and urges full company sale.
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ADW offers $18/share to buy Driven Brands, ~40% premium, says stock is undervalued and urges full company sale.
An activist hedge fund with a 2.5% stake wants Driven Brands (owner of Meineke & Auto Glass Now) to explore a sale or breakup. Roark Capital accused of mismanagement as shares are down over 60% since IPO.