Forg Forgerock Proposed Deal For All-Cash Transaction Valued At Approximately $2.3B; Upon Completion, Co Stockholders To Receive $23.25 In Cash For Each Share Of Co Class A Common Stock And Class B Common Stock They Owned
Portfolio Pulse from Benzinga Newsdesk
Forgerock (FORG) has proposed an all-cash transaction valued at approximately $2.3 billion. Upon completion, the company's stockholders will receive $23.25 in cash for each share of Class A and Class B common stock they own.
August 23, 2023 | 12:49 pm
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POSITIVE IMPACT
Forgerock's proposed all-cash transaction could potentially increase the value of its stock in the short term as stockholders are set to receive $23.25 per share.
The proposed all-cash transaction by Forgerock is a significant event that could potentially increase the value of its stock. This is because stockholders are set to receive $23.25 per share, which could make the stock more attractive to investors. However, the final impact will depend on the completion of the deal and market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100