Adara Acquisition Corp. (ADRA) to Combine with Alliance Entertainment in $480M Deal

Adara (NYSE:ADRA) has entered into a definitive agreement to combine with physical media distributor Alliance at an equity value of $480 million, or 6.2x its twelve-month trailing (TTM) EBITDA. Sunrise, Florida-based Alliance distributes DVDs, CDs, video games, and other consumer goods to retailers, managing inventory for large clients. The combined company is expected to trade
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