DataClown
$DH The core driver is simple: Advent International launched an all-cash privatization offer at $1.02 per share, confirmed by the special committee on Sep 2 and disclosed in the Schedule 13D filing. The stock had previously traded at a discounted price of $0.89, and on Sep 23 it was pinned directly to the acquisition price. This is simply merger-arbitrage capital converging toward the deal price, not a shift in company fundamentals.
