Barrington downgraded Avantax to Market Perform from Outperform after the company announced an agreement to be acquired by the holding company for Cetera Financial for $26 per share in cash. The transaction to go private is expected to close by the end of 2023, has been unanimously approved by Avantax’s board and is not subject to any financing condition, the analyst noted.
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Read More on AVTA:
- Avantax downgraded to Neutral from Overweight at Cantor Fitzgerald
- Avantax downgraded to Market Perform from Outperform at William Blair
- Avantax (NASDAQ:AVTA) Soars on $1.2B Acquisition by Cetera Holdings
- Blucora Inc trading resumes
- Avantax to be acquired by Cetera Holdings for $26 per share
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