Avantax shares are trading higher after the company entered an agreement to be acquired by Cetera Holdings for $26 per share in cash.
Portfolio Pulse from Bill Haddad
Avantax has entered into an agreement to be acquired by Cetera Holdings for $26 per share in cash. This has led to a rise in Avantax's share price.
September 11, 2023 | 6:02 pm
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POSITIVE IMPACT
Avantax's shares are trading higher following the announcement of its acquisition by Cetera Holdings for $26 per share in cash.
The acquisition agreement has led to a surge in Avantax's share price. Investors are likely to see this as a positive development, leading to increased demand for the stock and hence the rise in price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100