Fathom Holdings jumps on acquisition by Bed Bath & Beyond
BUZZ-Fathom Holdings jumps on acquisition by Bed Bath & Beyond ** Shares of real estate services platform Fathom Holdings FTHM.O jump 75.4% to $1.10
** Co to be acquired by Bed Bath & Beyond BBBY.N in an all-stock transaction
** Bed Bath & Beyond shares down 4.15% to $5.77
** Deal implies equity value of $53.38 million for Fathom
** FTHM appoints Adam Rothstein as interim CEO and Daniel Weinmann as CFO effective immediately
** YTD, FTHM down ~37.3% and BBBY up ~10.3%
(Reporting by Rishab Shaju in Bengaluru)
((Rishab.shaju@thomsonreuters.com ; +91 9048142177))
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