Rumble Receives Enough Northern Data Shares to Pursue Acquisition
MT Newswires Live
Jun 08
Rumble's (RUM) tender offer for outstanding shares of Northern Data drew a total of 8.2 million shares, representing 46.2% of shares, bringing the total number of shares, including those committed under transaction support agreements, to around 85.2%, the company said Monday.
All regulatory approvals have been met, and the closing of the exchange offer is expected in mid-June, the company said.
Northern Data is expected to file for termination of its shares from trading on the Munich stock exchange immediately after the closing, Rumble said.
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