Maksim Labkouski
- Digital health company Sharecare (NASDAQ:SHCR) said on Friday that it is set to be acquired by an affiliate of the investment firm Altaris for $1.43 per share.
- Sharecare stockholders will receive the payment in cash, with the payment representing a premium of ~85% over the June 20 closing price of the company and an 87% premium over the 90-day volume weighted average trading price.
- SHCR board has approved a merger agreement related to the transaction, and is set to recommend that the shareholders approve both the adoption of the merger agreement and the terms of the transaction.
- Sharecare is set to become a privately held company and its shares will no longer be listed on Nasdaq.
- The company’s current executive leadership team is expected to continue in their roles following the close of the transaction.
- The transaction is expected to close in H2.
- SHCR shares were trading -0.01% pre-market.
- Source: Press Release
