BofA analyst Koji Ikeda is moving to No Rating on OneStream (OS) after the company announced it was being acquired by private equity firm Hg Capital for $6.4bn, or $24 per share. The analyst, who thinks shares are no longer trading on fundamentals due to the announced acquisition agreement, believes the purchase price is “fair.”
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Read More on OS:
- OneStream downgraded to Equal Weight from Overweight at Stephens
- OneStream downgraded to Hold from Buy at Needham
- OneStream downgraded to Neutral from Buy at Guggenheim
- Buy Rating on OneStream Underscored by Premium Hg Capital Takeout and Robust Software Valuation Backdrop
- OneStream downgraded to Hold from Buy at Loop Capital