DMS - Digital Media Solutions jumps 52% on management's go-private offer

September, 08 2022 04:27 PM Digital Media Solutions Inc. Class A

Performance marketing company Digital Media Solutions ( NYSE: DMS ) has disclosed it's received a nonbinding go-private proposal led by a couple of its executives.
The stock surged 52% postmarket on the news. It had begun a jump in the closing minutes of the regular session, seeing some volatile trade before wrapping the day up 8.5% . The company disclosed receiving the proposal after the closing bell.
The company received its offer for all Class A common stock at $2.50 per share in cash, from Prism Data LLC, the investment vehicle affiliated with CEO Joseph Marinucci and Chief Operating Officer Fernando Borghese.
That price marks a 95% premium to Thursday's closing price.

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Company Name:	Digital Media Solutions Inc. Class A
Stock Symbol:	DMS
Market:	NYSE