MediaAlpha shares are trading higher after White Mountains Insurance Group, Ltd. and WM Hinson commenced a tender offer for up to 5 million shares of MediaAlpha stock.
Portfolio Pulse from Benzinga Newsdesk
White Mountains Insurance Group and WM Hinson have commenced a tender offer for up to 5 million shares of MediaAlpha stock, causing its shares to trade higher.
May 26, 2023 | 1:59 pm
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MediaAlpha shares trade higher after White Mountains Insurance Group and WM Hinson commence a tender offer for up to 5 million shares.
The tender offer by White Mountains Insurance Group and WM Hinson for up to 5 million shares of MediaAlpha stock has led to an increase in its share price. This news is directly related to MediaAlpha and is likely to have a positive short-term impact on its stock price.
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