BTIG downgraded MeridianLink (MLNK) to Neutral from Buy without a price target after the company entered into an agreement to be acquired by Centerbridge Partners in an all-cash transaction for $20 per share. The firm views the acquisition price as fair and notes MeridianLink shareholders have already agreed to vote in favor of the transaction.
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Read More on MLNK:
- MeridianLink downgraded to Market Perform from Outperform at William Blair
- MeridianLink Acquired by Centerbridge Partners for $2 Billion
- MeridianLink Acquired by Centerbridge for $2 Billion
- Morning Movers: MeridianLink jumps after pact to be acquired by Centerbridge
- MeridianLink to be acquired by Centerbridge Partners for $2B