GSUM - Gridsum pops 40% after entering agreement for Going-Private transaction

Gridsum Holding (GSUM) has entered into an agreement and plan of merger with Gridsum Corporation ((Parent)), and Gridsum Growth, a wholly owned Subsidiary of Parent.Pursuant to agreement, GSUM will be acquired by an investor consortium led by Mr. Guosheng Qi, chairman of the board of directors of the Company in an all-cash transaction that values the Company's equity at ~$75.5M.The Merger is currently expected to close in the first quarter of 2021.Shares +40% premarket.

For further details see:

Gridsum pops 40% after entering agreement for "Going-Private" transaction