Market Overview

Gridsum Execs Offer To Take Company Private At $3.80/Share

Share:

Gridsum Holding Inc. (NASDAQ: GSUM) has received a letter from its chairman and CEO proposing to take the company private by acquiring the company in a transaction for $3.80 per share in cash.

Gridsum is a provider of cloud-based big-data analytics and artificial intelligence solutions in China. The transaction will be financed by a combination of debt and equity capital.

Gridsum shares were trading up 6.4% at $2.91 in Tuesday’s session.

Related Links:

JPMorgan Q2 Earnings Beat Estimates

Johnson & Johnson Trades Higher On Q2 Earnings Beat

Posted-In: News Financing

 

Related Articles (GSUM)

View Comments and Join the Discussion!

Tree Trunk Brand, MedMen Introduce New Accessories Collection In California

IPO Extravaganza Seen Buttressing Banks In Q2, But Soft Trading Environment Hurts