Greenfield Online to be taken private for $426 million, shares gain
Greenfield Online, Inc. (Nasdaq:SRVY) said this morning that it will be acquired by private investment firm Quadrangle Group for $426 million, or $15.50 per share in cash, pushing shares higher ahead of the opening.
The purchase price represents a premium of approximately 17% over the Internet survey provider’s closing share price on Friday of $13.28 and a premium of approximately 26% over the average closing share price during the prior 30 days.
Shares jumped 15%, or $1.92, to $15.20 in pre-market trading. For detailed price information and recent news stories about Greenfield Online, click SRVY.
