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Stock impact report

OneStream (OS) Skyrockets 28% on $6.4-Billion Merger With Hg [Yahoo! Finance]

OneStream, Inc. - Class A (OS) 
Company Research Source: Yahoo! Finance
OneStream extended gains for a second day on Tuesday, soaring 28.38 percent to finish at $23.61 apiece as investors gobbled up shares following news that it was set to be acquired by Hg for $6.4 billion. In a statement on the same day, OneStream, Inc. (NASDAQ:OS) said that it has entered into a definitive agreement with Hg—a leading investor in software, services and data businesses—for the acquisition of all its issued and outstanding shares at a price of $24 apiece, marking a 31 percent premium over its closing price prior to the announcement. Photo from OneStream website The transaction, which will be entirely paid in cash, will be executed through an entity owned and controlled by Hg. The transaction is expected to close in the first half of the year, subject to regulatory approvals, including its shareholders. "The Office of the CFO is at a critical AI inflection point, and we believe OneStream is well positioned for this shift. As we build on our strong foundation of Show less Read more
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