Root shares spike 45% on news of takeover bid
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

Root shares spike 45% on news of takeover bid

Farhin Lilywala
June 21, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
root insurance logo nasdaq times square 2.jpg

Root’s shares skyrocketed 45% Wednesday on media reports that the company received a takeover bid of $19.34 per share from Embedded Insurance.

The stock traded after hours today at $13.90 per share.

This would be a premium to Root’s closing price Tuesday of $6.02

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsInsurTechStocksM&ARoot
farhin lilywala/farhin lilywala ii us.png
Farhin Lilywala
Section Editor, Distribution & Specialty
Contact
Gift this article