Groupon CEO steps down, shares rise

Groupon

31/03/2023 13:02

** Daily deals platform Groupon Inc  GRPN.O  shares up 3.3%
at $3.48 
    ** Says Kedar Deshpande, CEO and director has stepped down
    ** Appoints Dusan Senkypl as interim CEO, effective
immediately
    ** Deshpande will serve as an advisor to co for next 60 days
to ensure a smooth transition
    ** Senkypl is the co-founder of Pale Fire Capital and a
member of the board. 
    ** One of 4 brokerages rate the stock 'buy,' 1 'hold' and 2
'sell;' their median PT is $7.25
    ** As of last close, GRPN fell ~61%

 (Reporting By Akshita Toshniwal)
 ((Akshita.Toshniwal@thomsonreuters.com))