Affle acquires Perion for $420m at a 34.5% premium
Affle agreed to buy Perion Network in an all-cash deal worth $420 million, or $11.70 per share, a 34.5% premium to its previous close.
Affle agreed to acquire Perion Network in an all-cash deal worth $420 million, at $11.70 per share, according to a report published by Globes.
The price represents a premium of 34.5% to Perion's previous closing share price, according to the report.
Perion is set to be delisted from Nasdaq and the Tel Aviv Stock Exchange, with the deal expected to close in early 2027.
Perion's market capitalisation had fallen by about 82% from 7 billion shekels in April 2023.
What do these terms mean?
All-cash acquisition: A deal in which the buyer pays the entire price in cash to shareholders instead of shares or a mix of the two.
Price premium: The difference between the offer price and the share's previous closing price, usually measured as a percentage.
Delisting: Ending the trading of a company's shares on a financial market after it is acquired.
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