ConnectM Tech surges after receiving take-private offer
02/04/2025 16:38
** Shares of clean energy tech provider ConnectM Technology Solutions CNTM.O more than double to $1.05 ** CNTM says it has received a proposal offering $1.60 per share in cash from its three largest institutional investors to acquire all remaining outstanding shares of the company ** Offer represents a 226% premium to stock's last close ** It implies a total equity valuation of about $46.5 million for ConnectM ** Including session move, shares down 14.5% YTD (Reporting by Kamal Choudhury in Bengaluru) ((Kamal.Choudhury@thomsonreuters.com;))
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