RUM Group To Acquire Northern Data Shares From Tether At 2.0281 RUM Shares Per Northern Data Share, Raising Stake From 85.2% To ~98%, Intends To Commence Squeeze-Out Proceedings Under The German Stock Corporation Act To Acquire The Remaining ~2% Of Northern Data’s Outstanding Shares
RUM Group Inc. (NASDAQ:RUM) ("RUM Group" or the "Company") today announced that it expects to acquire additional outstanding shares of Northern Data AG ("Northern Data"), a leading provider of AI
RUM Group is buying almost all of Northern Data's remaining shares, which means RUM will soon own basically the whole company instead of just most of it. When one owner gets almost everything, it usually means the company's future direction will change and there may be big changes ahead.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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