Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

Workhorse Stock Tanks On Merger Talks With Private EV Maker

Merger,And,Acquisition,Business,Corporate,Cooperation,Company,Concept.,Ma,Partnership

Workhorse Group Inc. (NASDAQ:WKHS) shares sank Monday after the company disclosed it is negotiating a potential merger with a privately held U.S. manufacturer of electric commercial vehicles.

Under the proposed structure, the target company would be merged into a new Workhorse subsidiary in exchange for newly issued shares of Workhorse stock.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.