Aegis Brands Jumps 40% After Reporting Unsolicited Expressions of Interest
MT newswire2026/11/06 15:05Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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11:05 AM EST, 11/06/2026 (MT Newswires) -- Aegis Brands (AEG.TO) shares surged 40% after it said on Friday that it had received unsolicited expressions of interest from several parties, but has not yet engaged in any discussions. Aegis was initiating a strategic review process and has established a special committee of independent directors to oversee the process. The company also announced that President and Chief Executive Officer Sean Murphy has resigned. Aegis reported that third-quarter net income was unchanged at CA$0.01 year over year. System sales increased 8.1% to CA$35.4 million over the same period. Aegis shares were last seen up CA$0.09 at CA$0.31 on the Toronto Stock Exchange. Price: 0.31, Change: +0.09, Percent Change: +40.91
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