"Digital media and marketing software firm Adobe (ADBE) on Wednesday announced a deal to buy search engine optimization firm Semrush (SEMR) for $1.9 billion in cash. San Jose, Calif.-based Adobe said it will pay $12 a share for Semrush, a leading brand visibility platform. Semrush ended regular-session trading on Tuesday at 6.76. In morning trades on the stock market today,..."
"San Jose, Calif.-based Adobe said it will pay $12 a share for Semrush, a leading brand visibility platform."
"Semrush ended regular-session trading on Tuesday at 6.76."
Adobe, a San Jose, California-based digital media and marketing software firm, agreed to acquire Semrush, a search engine optimization and brand visibility platform, for $1.9 billion in cash. The acquisition price equates to $12 per Semrush share. Semrush closed regular-session trading at $6.76 on Tuesday prior to the announcement. The transaction was announced on Wednesday. The per-share offer represents a substantial premium to the recent market close for Semrush stock.
Read at Investor's Business Daily
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