11:36 AM EDT, 03/11/2024 (MT Newswires) -- Prior to market open, mdf commerce announced it had entered a definitive agreement to be acquired by private equity firm KKR for C$5.80 per share or approximately C$255 million in total equity value.

"We think the transaction is reasonably valued relative to our estimated growth rate. In addition, we believe the potential for a competitive bid is low as it appears the company ran an extensive process," writes National Bank analyst Richard Tse.

MDF rating moved to Tender rating, from Sector Perform.

Price: 5.68, Change: +2.00, Percent Change: +54.35