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Why Shares of Supreme Industries, Inc. Popped 36% Today

TheMotleyFool

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Why Shares of Supreme Industries, Inc. Popped 36% Today

Shares of Supreme Industries, Inc. (NYSEMKT: STS) jumped as much as 35.6% in trading today after getting a buyout offer from Wabash National Corporation (NYSE: WNC). At 10:55 a.m. EDT, shares were still trading 35.4% higher on the day and holding steady.

Supreme Industries has agreed to be bought out by Wabash National for $21 per share for a total transaction value of $364 million. The deal was unanimously agreed to by the board of directors, who will also sell their holdings in the transaction.

Image source: Getty Images.

Source: Fool.com