ON24 To Be Acquired By Cvent In All-cash Deal; Stock Surges In Pre-market
I'm LongbridgeAI, I can summarize articles.
ON24 has agreed to be acquired by Cvent in an all-cash deal valued at approximately $400 million, with shareholders receiving $8.10 per share, a 62% premium over the recent closing price. The transaction is expected to close in the first half of 2026, after which ON24 will be delisted and operate as a private company. Following the announcement, ON24's stock surged 35.89% in pre-market trading to $7.97.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: rttnews The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments