Cepton shares are trading higher after the company announced it will be acquired by Koito for $3.17 per share in cash.
Portfolio Pulse from Benzinga Newsdesk
Cepton shares are trading higher following the announcement that the company will be acquired by Koito for $3.17 per share in cash.
July 29, 2024 | 12:20 pm
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Cepton shares are trading higher after the company announced it will be acquired by Koito for $3.17 per share in cash.
The acquisition announcement at a premium price of $3.17 per share is likely to drive Cepton's stock price higher in the short term as investors react positively to the buyout news.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100