BofA analyst Omar Dessouky is moving to No Rating on Integral Ad Science (IAS) after the company agreed to be acquired by private equity firm Novacap in an all-cash transaction valued at about $1.9B, or $10.30 per share. The transaction likely marks an end to a year-long process to finalize on a suitor and the firm thinks this suggests that IAS has adequately explored its options and says the board’s unanimous support reflects that seller expectations are likely met.
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