Exela Technologies (NASDAQ: XELA) Surging in Premarket after Company Confirms Receipt of Takeover Bid

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Exela Technologies Confirms Receipt of Acquisition Proposal

IRVING, Texas, July 13, 2022 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (Exela or the Company) (NASDAQ:XELA, XELAP) today confirmed that it has received a preliminary, non-binding proposal (the Proposal) to acquire an approximately $200 million revenue business unit of Exela, subject to certain conditions, including due diligence. The Company is in active discussions with several counter-parties about additional acquisition proposals.


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