HireRight Holdings shares are trading higher after the company announced that it entered into a definitive agreement to be acquired by General Atlantic and Stone Point Capital.
Portfolio Pulse from Benzinga Newsdesk
HireRight Holdings announced it has entered into a definitive agreement to be acquired by General Atlantic and Stone Point Capital, causing its shares to trade higher.

February 16, 2024 | 3:39 pm
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POSITIVE IMPACT
HireRight Holdings' shares are trading higher following the announcement of its acquisition by General Atlantic and Stone Point Capital.
Acquisition announcements typically lead to a positive short-term reaction in the stock price of the company being acquired. The news of HireRight Holdings entering into a definitive agreement with General Atlantic and Stone Point Capital is likely to be viewed positively by investors, as it often implies a premium on the current stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100