JMP Securities analyst Andrew Boone downgraded AdTheorent to Market Perform from Outperform without a price target after the company entered into a definitive agreement under which a wholly owned subsidiary of Cadent will acquire it in an all-cash transaction for $3.21 per share.
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Read More on ADTH:
- AdTheorent’s Merger with Cadent and Major Shareholders’ Support
- AdTheorent Holding Company, Inc. Enters into Agreement to be Acquired by Cadent, LLC for Approximately $324 Million Representing $3.21 Per Share
- Cadent Announces Intent to Acquire Performance Advertising Pioneer AdTheorent
- Four new option listings on March 20th
- AdTheorent price target raised to $3.75 from $3 at Needham