CRTO News & Events

After Bloomberg reported that Vista Equity Partners and Quinti Capital had submitted an acquisition bid for Criteo valuing it at a 50% premium to recent trading levels, Citi analyst Ronald Josey believes this suggests a price of about $27 per share based on the average stock price in June. The firm, which emerged from management meetings with Criteo at Cannes and in May "incrementally positive," believes the reported proposed acquisition offer highlights the strategic value of Criteo's commerce data assets, cross-device ID graph, and recent traction with OpenAI. The firm keeps a Buy rating and $26 price target on Criteo shares.

The major averages finished higher to start the week as markets returned from the holiday weekend with a constructive tone and chip stocks rebounded from recent weakness.Last week's weaker-than-expected labor report reduced some fears of additional near-term Federal Reserve tightening, which has helped improve risk appetite. Investors are now turning attention to Wednesday's Fed meeting minutes for clues on how policymakers view inflation and economic growth going into the second half of the year.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SK Hynixwill offer 17.79M common sharesLockheed MartinUltra Maritime Solutions for $3.45BBroadcomwilla range of custom ASIC silicon products for AppleSolstice Advanced MaterialsElement Solutionsin a cash and stock deal valued at $14.5BComcast'sSkyITV Media in a deal valued at up to GBP 1.6B2. WALL STREET CALLS:BofAT-Mobileto BuyScotiabankfive cybersecurity names, citing growth potential stemming from AIGileadto Buy at HSBCBernsteinDatadogto Market PerformJetBlueto Underperform at Raymond James3. AROUND THE WEB:Energy Transferwon a $392M judgement in Texas over a failed attempt by San Antonio's city-owned utility CPS Energy to challenge the company over gas prices during the February 2021 Winter Storm Uri, Bloomberg reportsSuppliers plan to ship less than 1M iPhonefold units in 3Q26, which may push the start of device pre-orders and sales to Q4, with weeks of delivery delays, TF International analyst Ming-Chi Kuo said in a blog postCriteohas attracted a takeover offer backed by Vista Equity, Bloomberg saysDuring Sunday morning's government meeting, Deputy Minister Almog Cohen raised the issue of the sale of ZIMwith the government, Israel Hayom saysMicrosoftis eliminating 4,800 jobs, representing 2.1% of its workforce, with the company's Xbox division losing about one-fifth of its staff, CNBC reports4. MOVERS:TeraWulfincreases after announcing aIrengains in New York after Freedom Capitalthe stock to BuyDellhigher after President Trump said toKohl'slower after Morgan Stanleycoverage of the stock with an Underweight ratingEHangfalls in New York after JPMorganthe stock to Underweight5. EARNINGS/GUIDANCE:Clarivatebacked itsOndasprovidedInnovate EyewearreportedPepsiCotoon July 9Delta Air Linestoon July 10INDEXES:The Dow rose 155.84, or 0.29%, to 53,055.91, the Nasdaq gained 288.49, or 1.12%, to 26,121.16, and the S&P 500 advanced 54.19, or 0.72%, to 7,537.43.

Trade Desk (TTD), an adtech rival to Criteo (CRTO), is up 1% after Bloomberg said Vista Equity Partners and investment firm Quinti Capital are partnering on a takeover bid for the French company. Criteo shares are up about 24% following Bloomberg's report.

Vista Equity Partners and investment firm Quinti Capital are partnering over a takeover bid for French adtech company Criteo, Bloomberg's Ryan Gould and Liana Baker report, citing people familiar with the matter. The firms submitted an offer for the company in recent days that valued it at more than a 50% premium to its share price in recent weeks, the authors say. Shares of Criteo are up 28% in New York in afternoon trading.