William Blair downgraded Accolade (ACCD) to Market Perform from Outperform after the company entered into a definitive agreement under which Transcarent will acquire it for $7.03 per share in cash, which represents a total equity value of $621M.
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Read More on ACCD:
- Accolade Acquired by Transcarent in Strategic Merger
- Accolade trading resumes
- Accolade to be acquired by Transcarent for $7.03 per share
- Accolade to be acquired by Transcarent for $7.03 per share in cash
- Accolade trading halted, news pending
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
