Why Criteo Stock Was on Fire This Week
A media report stated it was the subject of a buyout offer.
Overview
French adtech company Criteo (NASDAQ: CRTO) was the subject of some fairly robust takeover speculation this week, and opportunistic investors piled into it on the hopes it would sell for a substantial premium. The in-demand shares were rising by almost 20% week-to-date as of early Friday morning, according to data compiled by S&P Global Market Intelligence.
That kicked off Monday afternoon, when Bloomberg published an article stating that investment firms Vista Equity Partners and Quinti Capital Partners were trying to acquire Criteo.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.