William Blair downgraded Rover Group (ROVR) to Market Perform from Outperform after the company agreed to be acquired by private equity funds managed by Blackstone (BX) in an all-cash transaction valued at approximately $2.3B, or $11.00 per share in cash.
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Read More on ROVR:
- Rover Agrees to be Acquired by Blackstone in $2.3 Billion Transaction
- Rover Group to be acquired by Blackstone for $11.00 per share in cash
- Rover Group management to meet virtually with JMP Securities
- Rover Group price target raised to $10 from $8 at JMP Securities
- Rover to Participate at D.A. Davidson Technology Summit