On October 3, 2023, John Chadwick Submitted A Preliminary Non-binding Proposal To The Board On Behalf Of Claritas Capital, Related To The Proposed Acquisition Of All Of The Sharecare Shares Not Owned By Reporting Persons For $1.35 To $1.80/Share In Cash
Portfolio Pulse from Charles Gross
John Chadwick, on behalf of Claritas Capital, has submitted a preliminary non-binding proposal to the board for the acquisition of all Sharecare shares not owned by reporting persons. The proposed price range is $1.35 to $1.80 per share in cash.
October 11, 2023 | 10:09 am
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Sharecare (SHCR) is the subject of a non-binding acquisition proposal by Claritas Capital. The proposed price range is $1.35 to $1.80 per share in cash.
The news of a potential acquisition usually leads to an increase in the stock price of the company being acquired. In this case, the proposed price range is higher than the current trading price of Sharecare, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100