CompoSecure stock drops 8% as Husky deal closes; GPGI ticker switch set for Jan. 23
CompoSecure shares fell about 8% Monday after it closed its merger with Husky Technologies and announced a rebrand to GPGI. The stock dropped $1.79 to $20.39 in New York trading. Shares will begin trading under the new ticker “GPGI” on Jan. 23. The combined company is valued at $7.4 billion and funded the deal with $5 billion in debt and equity.