- 1847 Goedeker Inc (NYSE:GOED) and its Appliances Connection Business inked an agreement to acquire a Florida-based premium and luxury appliance retailer.
- The financial terms of the transaction remain undisclosed.
- The transaction is likely to be completed during Q3 of 2021.
- 1847 Goedeker and Appliances Connection Business held $40.1 million in cash and equivalents on a proforma basis as of March 31, 2021.
- Price action: GOED shares traded lower by 2.54% at $3.45 on the last check Wednesday.
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