KLR - Kaleyra rejects unsolicited offer to acquire Campaign Registry
- Kaleyra ( NYSE: KLR ) stock slid ~17% on Wednesday after the firm rejected an unsolicited offer from TCR Acquisition to acquire its unit Campaign Registry .
- KLR concluded that the non-binding proposal from TCR significantly undervalues Campaign Registry and its prospects for continued growth.
- Shares of KLR, which ended 12.7% higher on Tuesday after the firm announced TCR's $19.46M offer, declined ~79% YTD.
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Kaleyra rejects unsolicited offer to acquire Campaign Registry