Reported 1 day ago
Grindr Inc. (NYSE:GRND) experienced an 18.86% increase in its stock price, closing at $15.06, after news broke of a proposed privatization deal potentially worth $3.46 billion. The offer follows interest from major shareholders to acquire the company at $18 per share, reflecting a 19.5% premium over its latest closing price. The Special Committee is currently reviewing the unsolicited proposal to determine the best course of action for shareholders.
Source: YAHOO