Adtheorent holding company, inc. announces expiration of “go-shop” period contained in previously announced merger agreement and receipt of acquisition proposal

New york, may 06, 2024 (globe newswire) -- adtheorent holding company, inc. (“adtheorent” or the “company”) (nasdaq: adth), a machine learning pioneer delivering measurable value for programmatic advertisers, today announced the expiration of the 33-day “go-shop” period pursuant to the terms of the previously announced definitive merger agreement (the “merger agreement”) pursuant to which cadent, llc (“cadent”), a leading provider of platform-based converged tv advertising solutions and a portfolio company of novacap, one of north america's established private equity firms, agreed to acquire all outstanding shares of adtheorent common stock for $3.21 per share in cash, or approximately $324 million. the “go-shop” period expired at 11:59 p.m. eastern time on may 4, 2024.
ADTH Ratings Summary
ADTH Quant Ranking