RUBI - Why Telaria Stock Surged 15% in January
Shares of Telaria gained 15.2% in value last month, according to data provided by S&P Global Market Intelligence. In December, Telaria (NYSE: TLRA) and The Rubicon Project (NYSE: RUBI) announced their merger, which will create the largest independent sell-side advertising platform, and promises to drive strong growth for investors.
The deal is a stock-for-stock transaction: Investors will receive 1.082 shares of Rubicon Project for each share of Telaria they own. The transaction is expected to close in the first half of 2020.
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