iClick Interactive Asia Shares Pop On Higher Takeover Offer

October 18, 2021 10:00 AM | 1 min read | Make a Comment

iClick Interactive Asia Group Ltd ICLK revealed receipt of another takeover offer dated October 13 from Infinity Equity Management Co. Ltd via special purpose vehicle (SPAC) at $7.50 per ADS in cash. The offer price represents a premium of 15% to the October 15 closing price of $6.50.
iClick is an independent online marketing and enterprise data solutions provider in China.
The board will evaluate the takeover together with the previous takeover offer from PAG Pegasus Fund LP and Oasis Management Company Ltd.
PAG Pegasus Fund LP and Oasis Management Company Ltd offered to acquire iClick for $6.75 per ADS. The offer price implied a 21% premium on iClick's September 22 closing price of $5.58.
Price Action: ICLK shares traded higher by 3.85% at $6.75 on the last check Monday.

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