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Iclick Interactive Asia Group Ltd. (ICLK) Stock on the Rise After Receiving Indicative Offer from Infinity

Iclick Interactive Asia Group Ltd. (ICLK) stock prices were up by 3.85% shortly after market trading commenced on October 18th 2021. This brought the price per share up to USD$6.75 early on in the trading day.

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Infinity Makes an Offer

October 18th 2021 saw ICLK stock announce that its board of directors had received another unsolicited preliminary non-binding indicative offer. The offer for the leading enterprise and marketing cloud platform in China is dated October 13th 2021. The offer came from Infinity Equity Management Co. Ltd. and/or its affiliates, managed funds, co-invested entity and through special purpose vehicles. The tentative transaction would see Infinity acquire all of the outstanding shares of the company’s common stock, with each USD$7.50 per American Depositary Share. The transaction would be conducted all in cash, contingent on the satisfaction of certain terms set forth in the Proposal Letter.

Bolstering Confidence

The Board of Directors is planning the evaluation of the Proposed Transaction in conjunction with the previously announced unsolicited preliminary non-binding indicative offer. This offer was from PAG Pegasus Fund LP and Oasis Management Company, having been dated September 23rd 2021. While the company is evaluating its options, ICLK stock’s Board cautioned shareholders that a Proposal Letter does not ensure a completion of the transaction. Such a transaction would following the careful review and evaluation of the proposal. As such, there is no definite offer being made, not any definitive assurance that such an offer would be accepted.

About ICLK Stock

ICLK Interactive Asia Group Ltd. was founded in 2009 as a leading enterprise and marketing cloud platform in China. The company serves to empower worldwide brands with full stack consumer lifecycle solutions, thereby unlocking the substantial market potential of smart retail. It manages this by the leveraging of its leading proprietary technologies, with the company’s full suite of data-driven solutions helping drive significant business growth and profitability throughout the full consumer lifecycle of worldwide brands. The company is headquartered in Hong Kong, currently operating in eleven locations across Asia and Europe.

Future Outlook for ICLK Stock

The company is keen to capitalize on the expanded scope of opportunities afforded to it as a result of this increased exposure. Investor confidence in ICLK stock has been bolstered by the reception of the Proposal Offers. Current and potential investors are hopeful that management will be able to effectively leverage the resources at its disposal. This is hoped to facilitate significant and sustained increases in shareholder value over the long term.

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