AdTheorent Announces Expiration Of HSR Waiting Period For Acquisition By Cadent For $3.21 Per Share In Cash, Or ~$324M
Portfolio Pulse from Benzinga Newsdesk
AdTheorent Holding Company, Inc. (ADTH) announced the expiration of the HSR waiting period for its acquisition by Cadent, LLC for $3.21 per share in cash, totaling approximately $324 million. This step marks a significant condition met towards finalizing the acquisition.
May 07, 2024 | 9:57 pm
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AdTheorent's acquisition by Cadent, LLC for $3.21 per share in cash, or approximately $324 million, progresses with the expiration of the HSR waiting period.
The expiration of the HSR waiting period is a critical regulatory step towards completing the acquisition, typically leading to a positive market reaction as it reduces uncertainty around the deal's closure. Given the acquisition price of $3.21 per share, this news is likely to be viewed positively by investors, potentially driving up ADTH's stock price in the short term.
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