Smartsheet shares are trading higher following a report suggesting the company is working with Qatalyst partners to field takeover interest.
Portfolio Pulse from Benzinga Newsdesk
Smartsheet shares are trading higher following a report suggesting the company is working with Qatalyst partners to field takeover interest.
July 18, 2024 | 7:12 pm
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Smartsheet shares are experiencing an upward trend due to reports that the company is collaborating with Qatalyst partners to explore potential takeover interest.
The news of Smartsheet working with Qatalyst partners to explore takeover interest is likely to drive the stock price higher in the short term as investors anticipate a potential acquisition, which often results in a premium on the current stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100