Yext CEO Withdraws Acquisition Proposal, Plans $150M Self-Tender Offer
ByAinvest
Monday, Feb 2, 2026 8:06 am ET1min read
YEXT--
Yext CEO Michael Walrath has withdrawn his non-binding acquisition proposal to buy the company at $9.00 per share due to financing issues. Instead, Yext plans to repurchase $150 million of common stock through a self-tender offer. Walrath remains committed to leading the company as CEO, and the board of directors remains confident in his ability to do so.
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