Why Are Tremor Shares Trading Higher Tuesday Premarket?

November 23, 2021 8:35 AM | 1 min read | Make a Comment

At least two institutional investors in Tremor International Ltd TRMR sought Chairperson Chris Stibbs launch an immediate strategic review of the company, Sky News reports.
Additionally, the shareholders demanded that the Tel Aviv-based video and connected TV advertising firm use some of the cash on its balance sheet to repurchase stock.
Separately, Tremor recently held initial talks with a significant U.S.-based private equity firm over a potential takeover bid and signed a non-disclosure agreement.
Tremor held $333.3 million in cash and equivalents as of September 30.
Price Action: TRMR shares traded higher by 5.76% at $16.15 in the premarket session on the last check Tuesday.

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