Shares of Bull Horn Holdings Corp are on the rise on Tuesday after rapper Percy “Master P” Miller told ESPN that he is in negotiations to acquire Reebok through the SPAC (Special Purpose Acquisition Company.
The rapper is in negotiations alongside retired NBA star Baron Davis to acquire Reebok from parent company Adidas, with the asking price roughly $2.4 billion.
Miller told Eric Woodyard of ESPN that they are “prepared financially” after a couple of months of negotiations.
“These companies have been benefiting off us, this could be history for this company going Black-owned,” Miller told ESPN.
Bull Horn Holdings shares are trading at $13, up 28.97% following the news. They closed Monday’s session at $10.08 per share.