🟢 CIRC is trading 7.19% up in pre-market amid renewed attention on Circle8’s SThree bid

CIRC is trading 7.19% up at $0.58 after renewed attention on Circle8’s proposed acquisition of SThree.

• Circle8 confirmed the possible all-cash transaction without issuing additional shares, potentially avoiding dilution.
• SThree rejected the approach on September 11 as undervaluing the company; Reuters reported the developments, and the bid remains uncertain pending Circle8’s October 7 deadline.
• CIRC fell 5.08% during the September 11 session, while today’s gain appears company-driven as U.S. futures are broadly lower.