System1 Confirms Receipt Of Non-Binding Indication Of Interest For Total Security Limited From Just Develop It
Portfolio Pulse from Benzinga Newsdesk
System1 has received a non-binding indication of interest from Just Develop It for Total Security Limited. The offer includes $240 million in cash, potential earnout payments, and approximately 29 million System1 shares held by Just Develop It.
September 06, 2023 | 10:07 am
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POSITIVE IMPACT
System1 has received an acquisition offer for Total Security Limited, which includes a cash payment and System1 shares. This could potentially affect the stock price of System1.
The news of a potential acquisition usually leads to increased volatility in the stock price of the company involved. In this case, the offer includes a significant cash payment and a large number of System1 shares, which could lead to a change in the stock price of System1.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100