Black Box in Early Talks to Acquire Aeries Technology
Black Box is reportedly in early-stage discussions with Mumbai-based Aeries Technology (AERT) regarding a potential acquisition valued between $70 million and $90 million. The deal, if finalized, would represent a significant premium over Aeries' current market capitalization of approximately $36 million. According to the CNBC-TV18 report citing unnamed sources, key details such as funding structure and timeline remain unresolved. Aeries Technology's stock rose 4.3% following news of the potential acquisition, reflecting investor optimism about a possible deal. The company has not yet commented on these reports, nor has Black Box responded to inquiries from CNBC-TV18.
Tickers: $AERT