Adevinta Confirms Receiving Non-Binding Indicative Proposal From Consortium Led By Permira & Blackstone; eBay & Schibsted, Who Have Expressed Support For The Proposal, Would Retain Part Of Current Shareholding
Portfolio Pulse from Benzinga Newsdesk
Adevinta has received a non-binding indicative proposal from a consortium led by Permira and Blackstone. eBay and Schibsted, who have expressed support for the proposal, would retain part of their current shareholding.
September 21, 2023 | 9:45 pm
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NEUTRAL IMPACT
eBay has expressed support for the proposal made to Adevinta by the consortium and plans to retain part of its current shareholding.
eBay's support for the proposal and decision to retain part of its shares in Adevinta indicates a positive outlook on the deal, but it's unclear how this will impact eBay's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Blackstone is part of the consortium that has made a non-binding proposal to Adevinta. This could potentially lead to an increase in Blackstone's assets and influence.
Blackstone's involvement in the consortium proposing to Adevinta could potentially increase its assets and influence, which could positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70