08:57 AM EDT, 03/25/2024 (MT Newswires) -- Target Hospitality ( TH ) shares rose nearly 16% in recent premarket Monday activity after the company said that its board received an unsolicited non-binding proposal from a TDR Capital affiliate Arrow Holdings to acquire all outstanding Target Hospitality ( TH ) common shares for $10.80 per share in cash.

The board has yet to "carefully review" the proposal, Target Hospitality ( TH ) said.

Price: 10.33, Change: +1.41, Percent Change: +15.81