Nevada holding company All American Pet Company Inc (OTCMKTS:AAPT) was in sharp focus among investors yesterday and its stock ended the day with gains of as much as 32%. In light of the strong gains made by the stock yesterday, it is likely that the All American Pet stock is going to come into focus among investors today as well.
Yesterday, the stock came into focus after the company announced it managed to finalise and signed a letter of intent with regards to the acquisition of a tech firm that is valued at as much as $200 million.
The company noted that after the due diligence with regards to the target company had been completed, the All American Pet management was happy with the conclusions.
The management also concluded that the acquisition of the tech firm will be in the best interests of both the All American Pet shareholders as well as for the company. In order to complete the acquisition, the company is going to acquire the entirety of the outstanding shares in the tech company and that was what that had been indicated in the binding letter of intent. It remains to be seen if the All American Pet stock adds to its gains today or not.
