Whole Earth Brands, Inc. (NASDAQ:FREE) shares are trading higher Tuesday after the company announced it will be acquired by Sababa Holdings FREE, LLC.

The Details:

“Following a comprehensive review of strategic alternatives, we are pleased to announce this transaction today, which we believe to be in the best interest of all our shareholders, providing them with the most compelling outcome in terms of maximizing value while offering immediate liquidity at a significant premium," said Irwin D. Simon, executive chairman of Whole Earth Brands. 

Whole Earth shares are moving on heavy trading volume following the announcement. According to data from Benzinga Pro, more than 17 million shares have already been traded in the session, compared to the stock’s 100-day average of only 122,610 shares.

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How To Buy FREE Stock:

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Whole Earth Brands case, it is in the Consumer Staples sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

FREE Price Action: According to Benzinga Pro, Whole Earth Brands shares are up 35.5% at $4.75 at the time of publication.

Image: Markus Distelrath from Pixabay