Target Hospitality receives unsolicited buyout offer of $10.80 per share from TDR Capital affiliate

Target Hospitality Corp.

Arrow Holdings, TDR Capital affiliate, offers $10.80 per share for all outstanding shares not owned by TDR or its funds.
Board plans to form a special committee of independent directors with independent advisors to evaluate the proposal.
Proposal is unsolicited and non-binding; no assurance that any transaction will be approved or consummated.
Target Hospitality provides vertically integrated modular accommodations and hospitality services (NASDAQ: TH).

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