Blue Apron’s Final Delivery
Meal-kit delivery service Blue Apron is finally ending its six-year run on the public markets, making one final delivery to investors today. 📦
In that delivery was news that the company is selling to Wonder Group, the food-delivery startup led by former Walmart executive Marc Lore. In return, shareholders will receive $13 in cash per share, representing a whopping 130% premium to Thursday’s closing price and valuing the company at $103 million. 💵