How much will avid pay shareholders?

As part of the deal, Avid shareholders will receive $27.05 per share in cash, the company said in a statement, confirming an earlier Reuters report. The deal represents a 32% premium to Avid's closing share price on May 23, the day before Reuters reported the company was exploring a sale.

Is Avid Technology stock a good buy?

Avid Technology stock has received a consensus rating of hold. The average rating score is and is based on 2 buy ratings, 3 hold ratings, and 0 sell ratings. What was the 52-week low for Avid Technology stock? The low in the last 52 weeks of Avid Technology stock was 19.78.

How much cash will avid stockholders receive in 2023?

Under the terms of the agreement, Avid stockholders will receive $27.05 in cash for each share of Avid common stock. The cash purchase price represents a premium of 32.1% over the Company’s unaffected closing share price on May 23, 2023, the last full trading day prior to media speculation regarding a potential sale of the Company.