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BRIEF-Atlantic International And Staffing 360 Solutions Enter Into Definitive Merger Agreement
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BRIEF-Atlantic International And Staffing 360 Solutions Enter Into Definitive Merger Agreement
Nov 4, 2024 11:42 AM

Nov 4 (Reuters) - Atlantic International Corp ( ATLN ):

* ATLANTIC INTERNATIONAL CORP. ( ATLN ) AND STAFFING 360 SOLUTIONS,

INC. ( STAF )

ENTER INTO DEFINITIVE MERGER AGREEMENT TO ESTABLISH LEADING

HUMAN CAPITAL MANAGEMENT, OUTSOURCED SERVICES AND WORKFORCE

SOLUTIONS COMPANY

* ATLANTIC INTERNATIONAL CORP ( ATLN ) - COMBINED ANNUAL REVENUE

EXPECTED

TO BE APPROXIMATELY $620 MILLION

* ATLANTIC INTERNATIONAL CORP ( ATLN ) - JEFFREY JAGID TO REMAIN CEO

OF

COMBINED COMPANY

* ATLANTIC INTERNATIONAL CORP ( ATLN ) - TO ACQUIRE STAFFING 360

SOLUTIONS

FOR $25 MILLION

* ATLANTIC INTERNATIONAL CORP ( ATLN ) - SHAREHOLDERS TO OWN 90% OF

COMBINED COMPANY

Source text:

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