Digital Media Solutions down after Prism Data withdraws buyout offer
06/03/2023 17:02
** Shares of marketing tech firm Digital Media Solutions Inc
DMS.N down 17.8% at $0.93
** Co says Prism Data LLC withdrew its offer to buy DMS for
$2.50/per share on March 3; Prism Data had made an offer to take
DMS private in September urn:newsml:reuters.com:*:nL4N30F3NE
** DMS says it has completed a strategic review process and
its board has decided to not pursue a potential sale, but is
planning on other strategic alternatives
** Says it has cut 14% of its workforce
** Shares of DMS fell about 72% in 2022
(Reporting by Vansh Agarwal in Bengaluru)
((Vansh.Agarwal@thomsonreuters.com;))