* Adaptive Medias received an acquisition proposal from private digital advertising technology company AdSupply, Inc., for $35 million, or $1.50 per share.
* The all-cash deal values the firm at a more than 1000% premium to its 14.4-cent closing price
* “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,” said John B. Strong, chairman and CEO of Adaptive.
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