Adevinta Gets $13.2 Billion Takeover Offer From Permira, Blackstone Consortium
Provided by
Dow Jones
By Elena Vardon
eBay-backed Adevinta received a takeover bid from a consortium led by Permira and Blackstone, valuing the Norwegian online marketplace company at $13.17 billion.
The group said Tuesday that it entered into a transaction agreement with the buyer which will offer 115 Norwegian krone ($10.75) per share in cash, depository receipts or a combination of both.
The offer price represents an around 53% premium to the volume weighted average price of NOK75.4 over the three months to Sept. 21, it added.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
November 21, 2023 12:20 ET (17:20 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
Markets Brief: Tech Stocks Lead Ahead of Nvidia Earnings
-
How Anti-Obesity Drugs Are Innovating the Healthcare Market
-
What’s Happening In the Markets This Week
-
Why Immigration Has Boosted Job Gains and the Economy
-
What to Invest in During High Inflation
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Should You Buy and Hold an Artificial Intelligence Portfolio?
-
After Earnings, Is Lyft Stock a Buy, a Sell, or Fairly Valued?
-
8 Stock Picks in the Apparel Industry
-
Baidu Earnings: Advertising Weakness Offset by Continued Growth In Cloud Business
-
Going Into Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?
-
Walmart Earnings: Low Prices and Strong Digital Presence Drive Market Share Gains
-
After Earnings and a Big Selloff, Is Shopify Stock a Buy, a Sell, or Fairly Valued?
-
Cisco Earnings: Positive Guidance and Splunk Inclusion Align With Our Long-Term Thesis