AdTheorent Reports Withdrawal Of Acquisition Proposal From Third Party; Says Continues To Remain Subject To Cadent Merger Agreement
Portfolio Pulse from Benzinga Newsdesk
AdTheorent announced that a third party has withdrawn its acquisition proposal. The company remains committed to its merger agreement with Cadent.
May 16, 2024 | 12:09 pm
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NEUTRAL IMPACT
AdTheorent announced that a third party has withdrawn its acquisition proposal. The company remains committed to its merger agreement with Cadent.
The withdrawal of the third-party acquisition proposal may have a neutral short-term impact on ADTH's stock price as the company continues to pursue its merger with Cadent. Investors may have already priced in the merger with Cadent, and the withdrawal does not change the company's strategic direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100