exela
While announcing no signed deal, the company said it received an offer for one unit and remains committed to continue process. The company said it received “a preliminary, nonbinding proposal to acquire an approximately $200 million revenue business unit of Exela” XELA also confirmed it’s in active talks with several counterparties about more acquisition proposals. Q2 2022 hedge fund letters, conferences and more Exela said on June 6 that it would shop its noncore assets to focus on increasing shareholder value. If successful, the company can pay down debt and buy back shares. Both those moves...
ValueWalk
Global business process automation company Exela Technologies Inc (NASDAQ:XELA)’s battered shares drew fresh retail investor interest this week after it said Friday it won three new contracts totaling $18.3 million over the next three years, with revenue to begin accruing in the third quarter of 2022. Exela’s SVP and business manager Lakshmi Chandramohan said, “These new wins demonstrate the flexibility and potential that XBP offers customers. Additionally, we have a pipeline of new opportunities that we are pursuing that leverage the strength of the XBP platform..” Q1 2022 hedge fund letters,...
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