Adaptive Medias Inc (fka ADTM)

[trader53]

ADTM - Receives Acquisition Proposal

GlobeNewswire - Feb 1, 7:30AM CST

Adaptive Medias, Inc.
Receives Acquisition Proposal From Adsupply, Inc.
for $35 Million, or $1.50 Per Share,
in All Cash Transaction

...said John B. Strong,
Chairman and Chief Executive Officer of Adaptive Medias, Inc.

"We have an aggressive, yet systematic, growth strategy
for increasing Adaptive Medias' revenue
and earnings potential in 2016 and beyond,
which may include a merger with a company like AdSupply
or other strategic partnerships that we're currently pursuing.

Although AdSupply's acquisition price
provides value for Adaptive Medias' shareholders
at a substantial premium to the current market price,
thus giving clear recognition
to Adaptive Medias' upside potential,
it is our fiduciary duty to ensure we pursue
all other options available to us.

Accordingly, we will evaluate the offer
and eventually decide whether or not this offer
is in the best interest of our company
and our shareholders."

https://www.barchart.com/stocks/quotes/ADTM/overview#/news/13772973/adaptive-medias-inc-receives-acquisition-proposal-from-adsupply-inc-for-35-million-or-150-per-share-in-all-cash-transaction

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Adaptive Medias
will issue stock representing
approximately 53% of the Company post merger
to AdSupply in consideration for the merger.

Alternative Public Offering or "APO"