Demand Media (DMD) Surges on Near-Deal to Go Private
Tweet
Share
E-mail
Get Alerts DMD Hot Sheet
Join SI Premium – FREE
Shares of Demand Media, Inc. (NYSE: DMD) are surging in pre-open trading Monday following reports from AllThingsD over the weekend that the comapny was in advanced talks with private equity firms to go private.
The deal, which would have been doubled the current price, fell apart last week, the report said. Boston-based Thomas H. Lee Partners was set to purchase the company for $1.2 billion before challenges arose on financing and the ability to retain executives.
Demand Media is bid 49% higher to $10.80.
The deal, which would have been doubled the current price, fell apart last week, the report said. Boston-based Thomas H. Lee Partners was set to purchase the company for $1.2 billion before challenges arose on financing and the ability to retain executives.
Demand Media is bid 49% higher to $10.80.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Palo Alto's Arora Explored Acquiring Datadog - Information
- Ametek completes $5B acquisition of Indicor Instrumentation
- SEC clears VerifyMe and OpenWorld merger registration statement
Create E-mail Alert Related Categories
Mergers and Acquisitions, RumorsRelated Entities
Thomas H. Lee PartnersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
