Reported Earlier, AdTheorent Announces End of Go-Shop Period With New Acquisition Proposal On The Table, Amidst CadOnt's $324M Merger Deal
Portfolio Pulse from Benzinga Newsdesk
AdTheorent has concluded its go-shop period, receiving a new acquisition proposal at $3.35 per share in cash, amidst an ongoing $324M merger deal with CadOnt.
May 07, 2024 | 7:28 am
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AdTheorent receives a new acquisition proposal at $3.35 per share in cash during its go-shop period, amidst a $324M merger deal with CadOnt.
The new acquisition proposal for AdTheorent at $3.35 per share in cash could potentially increase investor interest and drive up the stock price in the short term. This is because the offer provides a clear alternative to the existing merger deal with CadOnt, potentially leading to a bidding war or a reevaluation of the company's value. However, the final impact on the stock price will depend on the details of the proposal, the response from CadOnt, and the perception of AdTheorent's future prospects by the market.
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