AGBA Group Holding Limited ( AGBA )  shares are trading higher Thursday after the company announced it entered into a definitive merger agreement with Triller Corp.

The Details:

Agba ( AGBA ) said the transaction is expected to value the combined company at approximately $4 billion, and Triller will be a wholly-owned subsidiary of Agba ( AGBA ) upon completion of the merger. 

Agba ( AGBA ) stockholders will own 20% of the combined company and Triller stockholders will own the remaining 80% of the combined company. Majority shareholder support already obtained from both Agma and Triller and the boards of both companies have approved the merger. 

“With a rich history of setting records and making bold moves, we believe Triller is now on the brink of an exciting future. Its groundbreaking technology, coupled with an aggressive and strategic business model, positions it not just as a formidable competitor to tech giants but as a potential game-changer in the industry," said Mr. Wing-Fai Ng, President of Agba Group ( AGBA ). 

Agba ( AGBA ) shares are climbing on heavy trading volume and have been halted for volatility. According to data from Benzinga Pro, more than 44.37 million shares have already been traded in the session, compared to the stock’s 100-day average of less than 224,000 shares.

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Is AGBA A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like AGBA Group Holding ( AGBA )‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. AGBA Group Holding ( AGBA ) does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on AGBA Group Holding ( AGBA ) will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

AGBA Price Action: According to Benzinga Pro, Agba ( AGBA ) shares are up 112% at $0.84 at the time of publication Thursday.

Image: Gerd Altmann from Pixabay