ConnectM Technology Solutions Reviews $1.60 per Share Buyout Proposal From Major Investors-March 2024-www.financetom.com

ConnectM Technology Solutions Reviews $1.60 per Share Buyout Proposal From Major Investors

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ConnectM Technology Solutions Reviews $1.60 per Share Buyout Proposal From Major Investors

Apr 3, 2025 6:18 AM

08:46 AM EDT, 04/03/2025 (MT Newswires) -- ConnectM Technology Solutions ( CNTM ) said Thursday it is reviewing a non-binding offer from its three largest institutional investors, SriSid LLC, Arumilli LLC, and Win-Light Global Co. Ltd., to acquire the company for $1.60 per share, valuing it at $46.5 million.

The company said it is seeking investment banking advice to assess the proposal, which, if accepted, would privatize ConnectM.

The deal is subject to due diligence, definitive agreements, and regulatory approvals.

Shares of the company rose nearly 7% in recent premarket activity.

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