Brightcove Stock Jumps 35% Amid Legal Probe Into $4.45 Per Share Acquisition Deal - Brightcove (NASDAQ:BCOV)
- Shares of Brightcove Inc. Soared 35.42% to close at $4.32 on news of an investigation by Halper Sadeh LLC into its sale to Bending Spoons for $4.45 per share.
- Halper Sadeh LLC is probing whether Brightcove's board secured optimal value for shareholders, indicating concerns the deal may undervalue the company.
- The transaction prices Brightcove at $4.45 per share, which is a 90% premium on its 60-day average, amidst historical valuation declines.
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Brightcove Stock Jumps 35% Amid Legal Probe Into $4.45 Per Share Acquisition Deal - Brightcove (NASDAQ:BCOV)
Shares of Brightcove Inc. (NASDAQ:BCOV) soared 35.42% on Monday to close at $4.32 following news of Halper Sadeh LLC's investigation into the fairness of the company's proposed sale to Bending Spoons for $4.45 per share in cash. What Happened: The stock remains volatile, slightly dipping 0.23% in after-hours trading. Year-to-date, BCOV has gained 73.49%, though it is ...Full story available on Benzinga.com
Brightcove (NASDAQ:BCOV) Rating Lowered to “Hold” at Lake Street Capital
Brightcove (NASDAQ:BCOV – Get Free Report) was downgraded by research analysts at Lake Street Capital from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports. A number of other equities research analysts also recently issued reports on the stock. Rosenblatt Securities reiterated a “neutral” rating and set a $4.45 price […]
BCucharas final has signed an agreement for the acquisition of brilliant cove, a technology company specialized in streaming, in an operation with a total value of approximately 233 million dollars. According to the terms of the agreement, Brightcove shareholders will receive 4,45 dollars in cash for each ordinary share they own. The price per share agreed [...] The Bending Spoons entry goes to purchases to the US: acquire Brightcove for 233 mil…
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