In a regulatory filing, Sprout Social stated that on May 20, the company was made aware of an article published by Reuters concerning a potential going private transaction. “As a public company, the company receives inbound interest from time to time from various counterparties, and the company’s Board of Directors considers such interest as and when appropriate. Currently, there is no process in place to sell or take the company private,” Sprout stated.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPT:
- Levi & Korsinsky LLP Notifies Sprout Social, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – SPT
- Sprout Social management to meet with Piper Sandler
- #SocialStocks: TikTok seeks to overturn ban in federal lawsuit
- Sprout Social Stock (NASDAQ:SPT): Is the 40% Plunge a Buying Opportunity?
- Amgen upgraded, Peloton downgraded: Wall Street’s top analyst calls