AdTheorent Holding Company, Inc. Announces Withdrawal of Acquisition Proposal from Third Party and Next Steps in Cadent Transaction
AdTheorent Holding Company, Inc. (ADTH)
Company Research
Source: GlobeNewswire
NEW YORK, May 16, 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 that the third party that had submitted a non-binding acquisition proposal to acquire the Company for $3.35 per share has withdrawn such proposal, and has informed the Company that it does not intend to submit another acquisition proposal. This proposal had been submitted during the go-shop period that followed AdTheorent’s announcement of the execution of a 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 Company recently
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ADTH
News
- SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of AdTheorent Holding Company, Inc. - ADTHPR Newswire
- SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of AdTheorent Holding Company, Inc. – ADTHGlobeNewswire
- Cadent completes acquisition of AdTheorent [Seeking Alpha]Seeking Alpha
- Cadent, LLC Completes Acquisition of AdTheorent Holding Company, Inc.GlobeNewswire
- AdTheorent Named Best AdTech Platform in 2024 Digiday Media Awards [Yahoo! Finance]Yahoo! Finance
ADTH
Earnings
- 3/12/24 - Miss
ADTH
Sec Filings
- 6/21/24 - Form 25-NSE
- 6/21/24 - Form SC
- 6/21/24 - Form 4
- ADTH's page on the SEC website