|Bid||16.41 x 800|
|Ask||16.42 x 3200|
|Day's Range||16.27 - 16.55|
|52 Week Range||6.61 - 18.49|
|Beta (5Y Monthly)||1.72|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.13 (0.77%)|
|Ex-Dividend Date||Apr. 19, 2021|
|1y Target Est||20.62|
NEW YORK, June 21, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Raven Industries, Inc. (NASDAQ: RAVN) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by CNH Industrial N.V. (NYSE: CNHI). Click here to learn more and participate in the action. On June 21, 2021, Raven announced that it had signed an agreem
Shares of Raven Industries (NASDAQ: RAVN) climbed nearly 50% at the open on Monday after the agriculture tech company announced plans to be acquired by CNH Industrial (NYSE: CNHI). CNH is paying a large premium to get the deal done, and Raven shares are reacting accordingly. Before markets opened on Monday CNH said it has a deal in place to acquire Raven for $58 per share, a 33.6% premium to Raven's average stock price over the past four weeks.
CNH Industrial has struck a $2.1 billion deal to buy Raven Industries to bolster its agricultural equipment business, as the Italian-American vehicle maker prepares to spin off its truck, bus and engine operations. Raven shares rose by 50% in New York early Monday, lifting its market capitalization into line with the terms proposed by CNH Industrial, whose Milan-listed stock turned slightly positive after initially falling by as much as 5.6%. CNH Industrial is the world's second largest agricultural equipment maker after John Deere, operating under the New Holland, Case IH and Steyr brands.