Vimeo Shares Approach Acquisition Finish Line

Vimeo Inc. shares are trading within an exceptionally narrow range as markets await the completion of its acquisition by Italian technology firm Bending Spoons. The stock registered a marginal gain of 0.06 percent on its latest trading day, closing at $7.735. This subdued price action, accompanied by a significant contraction in trading volume, reflects a market in a holding pattern. Investor activity is constrained by the definitive acquisition price of $7.85 per share, which establishes a clear ceiling for the stock.

The pending transaction values the video software platform at a total of $1.38 billion. Unanimously approved by Vimeo’s board of directors, the deal offers shareholders $7.85 for each share they own. This price represents a substantial 91 percent premium over Vimeo’s 60-day volume-weighted average price... Read more...