Zeta Global Holdings Corp. after-hours falls 2.80% following major shareholders' compulsory acquisition notice.

Monday, Jul 22, 2024 7:56 pm ET1min read
ZETA--
Zeta Global Holdings Corp. experienced a decline of 2.80% in after-hours trading following the announcement of a potential compulsory acquisition by major shareholders, UIL Limited and GPLPF, who together hold 95% of the company's shares. The letter of notice suggests that the shareholders are considering acquiring the remaining shares they do not own, which could lead to a significant corporate restructuring and potentially impact the company's valuation. This news, therefore, contributed to the negative after-hours move in the stock.

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