Rover Group Announced It Entered Into A Definitive Agreement To Be Acquired By Blackstone In $2.3B Transaction; Stockholders Will Receive $11/Share In Cash
Portfolio Pulse from Benzinga Newsdesk
Rover Group has entered into a definitive agreement to be acquired by Blackstone in a transaction valued at $2.3 billion. Stockholders are set to receive $11 per share in cash.
November 29, 2023 | 2:03 pm
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Rover Group has agreed to be acquired by Blackstone for $2.3 billion, with shareholders receiving $11 per share in cash, which is likely a premium over the current trading price.
The acquisition typically offers a premium over the current market price, which can lead to a positive short-term impact on ROVR's stock price as the market adjusts to the acquisition price. The confidence level is not at 100 because market conditions and regulatory approvals can still influence the final outcome.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100