Going Private: Clark Holdings, Inc. (GLA) to Merge with Gores Group Affiliate
Clark Holdings, Inc. announced yesterday after the closing bell that under a definitive merger agreement it will merge with an affiliate of The Gores Group, LLC. Under the terms of the agreement, Gores will get all of Clark’s outstanding equity. Holders of Clark stock will get $0.46 in cash per share. Clark closed Wednesday at $0.17 with no trades taking place on Thursday. Shares gapped towards the deal price this morning and are up 152.94% to $0.43 midway through Friday’s trading day. Clark is a non-asset-based provider of logistical services to the print media industry and other supply chain management…