Why Hemisphere Media Shares Are Soaring Today
Gato Investments LP agreed to acquire Hemisphere Media Group, Inc (NASDAQ:HMTV) at $7 per share. The offer price implies a premium of 86% over Hemisphere's closing share price on May 6, the last trading day before the announcement. Hemisphere will become a private company wholly owned by Gato. Hemisphere CEO Alan Sokol said,…
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