Smart Share Global Receives Acquisition Proposal

An announcement from Smart Share Global ADR ( (EM) ) is now available.

Smart Share Global Limited has announced that it received a preliminary non-binding proposal from a buyer group led by Trustar Mobile Charging Holdings Limited to acquire all outstanding shares not already owned by the group. The proposed acquisition offers a significant premium over current share prices, highlighting confidence in the company’s market position. A special committee has been formed to evaluate this proposal, but no decisions have been made yet, and there is no assurance that a definitive agreement will be reached.

More about Smart Share Global ADR

Smart Share Global Limited, also known as Energy Monster, is a leading consumer technology company in China, specializing in providing mobile device charging services. The company boasts the largest market share in China, with its power banks available at over 1,267,000 points of interest including entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces across more than 2,100 counties and districts.

YTD Price Performance: -0.69%

Average Trading Volume: 58,821

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $184.7M

For detailed information about EM stock, go to TipRanks’ Stock Analysis page.