04:00 PM EDT, 10/25/2024 (MT Newswires) -- SPAR Group (SGRP) said Friday its shareholders have approved the acquisition of the company by Highwire Capital at a special meeting.

Under the merger agreement dated Aug. 30, SPAR stockholders will receive $2.50 in cash per share. The company said it expects to close the transaction in Q4.

Shares of SPAR were up about 2.1% in recent trading.

Price: 2.46, Change: +0.05, Percent Change: +2.07