Price Crosses Moving Average
|Bid||12.83 x 1800|
|Ask||13.14 x 900|
|Day's Range||12.89 - 13.14|
|52 Week Range||6.50 - 22.50|
|Beta (5Y Monthly)||0.34|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 06, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Wolf Popper LLP is investigating claims on behalf of investors in Standard Diversified Inc, (NYSE: SDI) concerning the proposed acquisition of Standard Diversified by Turning Points Brands, Inc. and its controlling shareholder, Standard General L.P. Standard General L.P. owns approximately 82% of Standard Diversified's stock and Standard Diversified owns approximately 50% of Turning Points' stock.
NEW YORK, NY / ACCESSWIRE / May 1, 2020 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
NEW YORK, NY / ACCESSWIRE / April 28, 2020 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Turning Point Brands, Inc. ("Turning Point" ...
NEW YORK, NY / ACCESSWIRE / April 22, 2020 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Standard Diversified Inc. ("SDI") (NYSE: SDI) to Turning Point Brands, Inc. ("TPB") (NYSE: TPB). Under the terms of the proposed transaction, shareholders of SDI will receive only 0.97 shares of TPB for each share of SDI that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
Standard Diversified Inc. (the "Company") (NYSE American: SDI) today provided an update with respect to the pending corporate reorganization to be accomplished through a merger (the "Merger") with Turning Point Brands, Inc. ("Turning Point"), of which the Company held a slightly greater than 50% interest as of December 31, 2019. As announced on April 8, 2020, the Company and Turning Point have entered into an Agreement and Plan of Merger (the "Merger Agreement") pursuant to which the Company will merger with and into Standard Merger Sub, LLC, a wholly owned subsidiary of Turning Point ("Merger Sub"), with Merger Sub surviving the Merger as a wholly owned subsidiary of Turning Point. The Merger is intended to constitute a tax-free "downstream reorganization" for U.S. federal income tax purposes.
Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating Standard Diversified Inc. ("SDI" or the "Company") (NasdaqGS: SDI) relating to the sale of the Company to Turning Point Brands, Inc ("TPB"). Under the terms of the agreement, each share of SDI Class A and Class B common stock will be converted into the right to receive a ratio of 0.97 of TPB Voting common stock for each share of TPB common stock held by SDI.
Turning Point Brands, Inc. (the "TPB") (NYSE: TPB) and Standard Diversified Inc. ("SDI") (NYSE: SDI) announced today that they have entered into a definitive agreement under which SDI will be merged into a wholly-owned subsidiary of TPB in a tax-free downstream merger, in a transaction first announced by the companies in November 2019.
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