MariaDB shares are trading lower after Progress Software said it has no intention to make an offer for the company.
Portfolio Pulse from Benzinga Newsdesk
MariaDB shares are trading lower following an announcement by Progress Software that it has no intention to make an offer for the company.
May 02, 2024 | 10:09 pm
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MariaDB shares are trading lower after Progress Software announced it has no plans to acquire the company.
The decline in MariaDB's stock price is a direct result of Progress Software's announcement, which likely disappointed investors hoping for an acquisition premium.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100