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Slide #85. OpenGate Capital — PennySaver USA
PennySaver USA (NYSE:HHS)
OpenGate Capital, a global private buyout firm, announced today that it has completed the acquisition of PennySaver USA comprised of the Shoppers and PennySaver assets from Harte-Hanks, Inc., (NYSE:HHS) just one week after announcing it had signed an agreement to acquire the business. PennySaver USA, headquartered in Brea, California, represents the first California-based acquisition for OpenGate Capital, and it joins a portfolio of 12 other leading enterprises with operations throughout North America, Latin America and Europe.
Strong Buy (4.00 out of 4)
(ranked higher than approx. 92% of all stocks covered)
Based on Zacks ABR data;
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