The Board Of MariaDB Confirms That It Has Received An Unsolicited Non-binding Indicative Proposal From Runa Capital II To Acquire 100% Of The Issued 67,705,445 Ordinary Shares Of The Company Other Than Those Shares Already Owned By Runa
Portfolio Pulse from Benzinga Newsdesk
MariaDB's board has confirmed receiving an unsolicited non-binding indicative proposal from Runa Capital II to acquire all issued shares of the company, excluding those already owned by Runa. The proposal is not a firm intention to make an offer and there is no certainty that an offer will be made or the terms of any potential offer.
September 18, 2023 | 12:10 pm
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MariaDB has received a non-binding proposal from Runa Capital II to acquire all issued shares of the company, excluding those already owned by Runa. The proposal is not a firm intention to make an offer and there is no certainty that an offer will be made or the terms of any potential offer.
The news of a potential acquisition could create uncertainty among investors, potentially impacting the stock price. However, as the proposal is non-binding and there is no certainty of an offer being made, the impact is neutral at this stage.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100