Market Overview

Inuvo Announces Termination Of Planned Merger With ConversionPoint Technologies

Share:

Inuvo, Inc (NYSE: INUV) says it has mutually agreed with ConversionPoint Technologies to terminate the agreement under which ConversionPoint was to acquire Inuvo.

“With the termination of the agreement, we will immediately refocus resources away from integration planning to new opportunities that maximize the growth potential of the IntentKeyTM, while maintaining important ValidClick revenue streams,” said Rich Howe, Inuvo’s CEO in a statement.

As part of the termination agreement, a $2.8 million break-up fee is payable to Inuvo.

Inuvo shares traded down 25% to 39 cents Friday morning.

Related Links:

ConversionPoint IPO: What You Need To Know

5 Stocks To Watch For June 21, 2019

Posted-In: M&A News

 

Related Articles (INUV)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Sprouts Farmers Market Analyst 'Eager' To Learn About Incoming CEO's Vision

US Pulled Back On Iran Attack '10 Minutes' Before Strike, Trump Says In Tweet