Shares of Radius Global Infrastructure (NASDAQ: RADI), which leases communication infrastructure, jumped over 20% halfway into today’s trading session. This can be attributed to news of a potential takeover from EQT AB.
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However, it’s important to note that no deal has been struck and talks could still end without an agreement. Radius has been entertaining the idea of a potential sale since May.
Overall, Wall Street analysts have a consensus price target of $15.67 on RADI stock, implying 29.08% upside potential, as indicated by the graphic above.