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Benzinga
Benzinga
Business
Adam Eckert

Redbox Entertainment Stock Halted Several Times: What's Going On?

Redbox Entertainment Nasdaq Redbox Entertainment Inc Chicken Soup for Soul

Redbox Entertainment Inc (NASDAQ:RDBX) shares are extremely volatile on Wednesday. The stock is trading narrowly lower after initially falling more than 50% following a takeover announcement.

Redbox entered into a definitive agreement with Chicken Soup For The Soul Entertainment Inc (NASDAQ:CSSE) in which Chicken Soup For The Soul will acquire Redbox. Redbox shareholders will receive a fixed exchange ratio of 0.087 of a share of common stock of Chicken Soup for the Soul Entertainment per Redbox share.

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