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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. 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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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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TechCrunch broke the news in United States on Monday, November 25, 2024.
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