iClick Interactive Asia Group Limited (NASDAQ:ICLK)received a preliminary non-binding indicative proposal dated September 23, 2021, from PAG Pegasus Fund LP and Oasis Management Company Ltd.
The proposing buyers intend to acquire all of the Company's outstanding shares for $6.75 per ADS in cash, subject to specific terms and conditions.
The offer price implies a premium of ~19% to the closing price of ICLK on Sept. 24.
"There can be no assurance that any definitive offer will be made, that any definitive agreement will be executed relating to the Proposed Transaction".