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"Grinder. uh up about 19% in today's session, up as much as 28% earlier in the session. Um company proposing uh a proposing stakeholders submitted a non-binding proposal to buy all of the outstanding shares. We've been kind of expecting this of the company's common stock that they do not already own for 18 bucks a share, stock closing at 515 and change."
The speaker outlines a non-binding buyout proposal for Grindr, noting substantial intraday gains and a target offer of $18 per share. This corporate action is seen as a catalyst that could unlock significant value for shareholders.
Sentiment
