BUZZ-Semrush jumps 70% after report Adobe nearing $1.9 bln buyout deal
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Shares of Semrushup 70% at $11.48 Adobeis nearing $1.9 bln deal to acquire software firm SEMR, WSJ reportsAdobe set to pay $12/shr for Semrush, report says, citing people familiar with the matterThat represents a premium of around 77.5% to Semrush’s closing price on TuesdayADBE and SEMR did not respond immediately to Reuters’ requests for commentDeal will help Adobe strengthen AI-driven marketing tools and brand analytics capabilitiesUp to last close, Semrush shares down 43.10% YTD, while Adobe shares down 27.03%
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