Why Are Sharecare Shares Trading Higher Friday?
Portfolio Pulse from Vaishali Prayag
Sharecare, Inc. (NASDAQ:SHCR) shares surged after announcing a definitive agreement to be acquired by Altaris, LLC. Shareholders will receive $1.43 per share in cash, an 85% premium over the last closing price. The merger is expected to close in the second half of 2024, subject to approvals.
June 21, 2024 | 6:28 pm
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Sharecare, Inc. (NASDAQ:SHCR) shares surged after announcing a definitive agreement to be acquired by Altaris, LLC. Shareholders will receive $1.43 per share in cash, an 85% premium over the last closing price. The merger is expected to close in the second half of 2024, subject to approvals.
The acquisition announcement at a significant premium has led to a sharp increase in Sharecare's stock price. The deal provides immediate cash value to shareholders and positions the company for future growth and innovation.
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