iClick Interactive Asia Receives Takeover Offer At 21% Premium

September 24, 2021 9:34 AM | 29 seconds read | Make a Comment

PAG Pegasus Fund LP and Oasis Management Company Ltd sent a preliminary proposal dated September 23 to acquire Chinese enterprise and marketing cloud platform iClick Interactive Asia Group Ltd's ICLK for $6.75 per ADS in cash.
The offer price implies a 21% premium on Interactive Asia's September 22 closing price of $5.58.
Last month, Interactive Asia posted a Q2 beat, bumping its share buyback limit.
Price Action: ICLK shares traded higher by 8.32% at $6.12 premarket on the last check Friday.

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