Tuesday, 02 January 2024 12:17 GMT

PERF Stock Surges 27% Pre-Market Eyes First 50-DMA Break Since December On Take-Private Offer


(MENAFN- AsiaNet News)

Shares of Perfect Corp. (PERF) jumped more than 27% in pre-market trading on Wednesday, with the stock on track to breach its 50-day moving average for the first time since Dec. 22, 2025, after the company received an offer to take it private.

Perfect received a preliminary non-binding proposal to take it private at $1.95 per share in cash from CyberLink International Technology and a consortium led by CEO Alice H. Chang. This represents about 44% upside from PERF stock's Tuesday closing price of $1.35.

The consortium plans to form an acquisition vehicle, with funding expected from equity rollover, the company's available cash, and potential debt financing. Perfect said its board will form a special committee of independent directors to evaluate the proposal, which remains subject to review and does not guarantee a final deal.

Get updates to this developing story on Stocktwits.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

MENAFN18032026007385015968ID1110877975



AsiaNet News

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search