Criteo Stock Surges on Buyout Bid Valuing It at Over 50% Premium

Corporate Action
โดย Bloomberg·Read original
Summary · why it matters

Criteo shares surged nearly 20% this week after Bloomberg reported that Vista Equity Partners and Quinti Capital Partners submitted a buyout offer valuing the adtech company at more than 50% above its recent average closing price. The report, citing unnamed people familiar with the matter, said Criteo management is still considering how to respond and that there is no guarantee a deal will be reached. Bloomberg noted that Criteo has been approached by potential buyers before but management has previously been unwilling to sell.

Impact on stocks 1

Communication Services · 1 stocks
Criteo Sa
CRTO
▲ PositiveCapitalrelevance

Buyout offer at over 50% premium drives stock surge

Off-coverage companies 2

Quinti Capital PartnersPrivate▲ Positive
Capitalrelevance

Quinti Capital Partners is named as a bidder, indicating potential investment opportunity.

Vista Equity PartnersPrivate± Mixed
relevance