Shares of Blue Apron Holdings (APRN) more than doubled in early trading on Friday after Wonder Group agreed to pur🎉chase the meal kit provider for $103 m꧙illion.

The all-cash agreement will have Wonder Group pay Blue Apron investors $13 per share, a 137% premium to Blue Apron’s closing price Thursday. Privately-held Wonder offers meals designed by celebrity chefs such as Bobby Flay and Michael Symon for home delivery, as well as pick up and in-house dining at its locations.

Wonder Group Founder and CEO Marc Lore said that buying Blue Apron would accelerate the company’s strategic position, create immediate opportunities for synergies, and expand the ways customers can experience Wonder. Lore is an entrepreneur who was formerly CEO of Walmart (WMT ) eCommerce U.S., and is owner of the 澳洲幸运5官方开奖结果体彩网:National Basketball Association’s Minnesota Timberwolves.

Blue Apron said the combination is “expected to enhance both companies’ abilities to deliver chef-curated meals with high-quality ingredients to more customers across the country.” It added that Wonder plans to continue Blue Apron’s current operations serving customers under the Blue Apꦛron name.

With Friday’s over 133% spike as of noon ET, shares of Blue Apron were in positive territory for the year.