MarketWise Shares Surge Following Major Shareholder’s Acquisition Bid

MarketWise experienced a dramatic surge in its share price after receiving an unexpected takeover proposal from its largest existing shareholder. Monument & Cathedral Holdings (M&C) has put forward an offer to acquire all outstanding shares at $17.25 each, demonstrating significant confidence in the financial services provider’s prospects.

The market response was immediate and powerful. During the first trading session following the announcement, MarketWise equity jumped by as much as 18.6%. The security climbed from Wednesday’s closing price of $14.30 to reach $16.80 on Thursday, then extended its advance to $16.98 by Friday’s close.

Key metrics from the situation:
* Offer value: $17.25 per share
* Single-day surge: Read more...