Sharecare To Be Acquired By Altaris Affiliate For $1.43 Per Share In Cash; Represents 85% Premium Over Last Closing Price; Shareholders To Receive Immediate Cash Value; Company To Become Privately Held Post-Acquisition
Portfolio Pulse from Benzinga Newsdesk
Sharecare (SHCR) is set to be acquired by an affiliate of Altaris for $1.43 per share in cash, representing an 85% premium over the last closing price. Shareholders will receive immediate cash value, and the company will become privately held post-acquisition.
June 21, 2024 | 1:26 pm
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Sharecare (SHCR) is being acquired by an affiliate of Altaris for $1.43 per share in cash, an 85% premium over the last closing price. This acquisition will provide immediate cash value to shareholders and result in the company becoming privately held.
The acquisition price of $1.43 per share represents a significant 85% premium over the last closing price, which is likely to drive the stock price up in the short term as investors react to the premium offer. The immediate cash value to shareholders and the transition to a privately held company are also key factors.
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