Tremor International Says It Isn't in Sale Process

marketwatch

2023/09/04

By Elena Vardon

Tremor International isn't currently in a sales process, the company said on Monday in response to press reports.

Earlier in the day, Sky News reported, citing banking sources, that advertising technology group Teads--which is owned by Altice Group--has held talks with the London-listed advertising group about a potential combination.

"The board continues to believe in the stand-alone prospects of the business, and also recognizes its fiduciary duties to its shareholders," Tremor said.

At 1539 GMT, Tremor shares are up 8 pence, or 5.1%, at 164 pence.

Write to Elena Vardon at elena.vardon@wsj.com

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