UK's Tremor International falls as co says it's not in sale process
15/03/2023 08:51
** Shares of advertising solutions provider Tremor
International TRMR.L down 6% at 247p - among top pct losers
across London stocks
** Co says it is not currently in a sale process
** Comments come after Sky News says TRMR has received
enquiries from prospective bidders about a deal and it has hired
Goldman Sachs to review options
** Co says it is in talks with Goldman Sachs for ongoing
financial advice
** "From time to time, the company receives inquiries, and
the board evaluates such inquiries, as applicable, together with
its financial advisor" - TRMR
** Says it continues to believe in stand-alone prospects of
business
** Stock down ~5% YTD
(Reporting by Radhika Anilkumar in Bengaluru)
((Radhika.Anilkumar@thomsonreuters.com))