Why Criteo Stock Was on Fire This Week
French adtech company (NASDAQ: CRTO) was the subject of some fairly robust takeover speculation this week, and opportunistic investors piled into it on the hopes it would sell for a substantial premium. The in-demand shares were rising by almost 20% week-to-date as of early Friday morning, according to data compiled by S&P Global Market Intelligence.
That kicked off Monday afternoon, when Bloomberg published an article stating that investment firms Vista Equity Partners and Quinti Capital Partners were trying to acquire Criteo.
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Source Fool.com
