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Stock impact report

TARGET HOSPITALITY ANNOUNCES FORMATION OF A SPECIAL COMMITTEE OF INDEPENDENT MEMBERS OF ITS BOARD OF DIRECTORS

Target Hospitality Corp. (TH) 
Last target hospitality corp. earnings: 3/11 04:15 pm Check Earnings Report
Company Research Source: PR Newswire
THE WOODLANDS, Texas, April 29, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, announced the formation of a Special Committee comprised of independent directors of the Board of Directors of Target Hospitality (the "Board").  As previously disclosed, on March 25, 2024, Target Hospitality received an unsolicited non-binding proposal from Arrow Holdings S.à r.l. ("Arrow"), an affiliate of TDR Capital LLP ("TDR"), to acquire all of the outstanding shares of common stock of Target Hospitality that are not owned by any of Arrow, any investment fund managed by TDR or their respective affiliates (collectively, the "Arrow Group"), for cash consideration of $10.80 per share (the "Proposal"). The mandate of the Special Committee is to consider and evaluate the Proposal and any alternative proposals or other strategic a Show less Read more
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