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MiamiGent

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MiamiGent

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Tuesday, 05/23/2023 6:36:48 PM

Tuesday, May 23, 2023 6:36:48 PM

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CNBC Yelp

— Shares of the online reviewing company jumped 5.7% after activist investor TCS Capital Management took a stake in the firm, saying in an open letter the company should explore strategic alternatives, including a sale. TCS built up a more than 4% position in Yelp, becoming one of the company’s top five shareholders. TCS said Yelp is “shockingly undervalued” and could be sold to a private equity buyer for at least $70 per share, a more than 120% premium.

https://stockcharts.com/h-sc/ui?s=YELP
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