Integral Ad Science (IAS) announced on Wednesday that Novacap intends to buy the company for $10.30 a share in cash, representing a total consideration of about $1.9B, Raymond James analyst Andrew Marok tells investors in a research note. The firm, which has an Outperform rating on the shares, says IAS had been the subject of takeover speculation since October 2024 when reports surfaced of potential interest in the company, and thinks the Novacap deal makes sense. Raymond James sees a low probability of a competing buyer.
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Read More on IAS:
- Integral Ad Science downgraded to Hold from Buy at Craig-Hallum
- Integral Ad Science to be acquired by Novacap for $1.9B in cash
- Integral Ad Science to be acquired by Novacap for $10.30 per share, or $1.9B
- IAS Earnings Call: Strong Growth and Strategic Moves
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