22nd Nov 2021 21:28
(Alliance News) - At least two institutional investors in Tremor International PLC have called for Chair Chris Stibbs to launch an immediate strategic review of the company, Sky News reported Monday.
Sky News reported that the shareholders have also demanded that the Tel Aviv-based video and connected TV advertising firm use some of the cash on its balance sheet to repurchase stock.
In addition, it has been reported that Tremor has recently held initial talks with a major US-based private equity firm over a potential takeover bid, and that it has signed a non-disclosure agreement with that firm.
https://news.sky.com/story/shareholders-in-1bn-adtech-firm-tremor-urge-board-to-hold-sale-talks-12475774
Shares in Tremor International closed 4.6% lower at 584.00 pence on Monday in London.
By Dayo Laniyan; [email protected]
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