Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Despegar ( (DESP) ) just unveiled an update.
Despegar.com, Corp. has announced a Special Meeting of Shareholders to discuss and vote on a proposed merger with MIH Internet Holdings B.V., a subsidiary of Prosus N.V. The meeting, scheduled for March 4, 2025, will focus on the approval of the Merger Agreement dated December 23, 2024, and related transactions. The proposed merger involves MIH Investments Merger Sub Limited merging with and into Despegar, resulting in Despegar becoming a wholly-owned indirect subsidiary of MIH Internet Holdings B.V. The Board of Directors of Despegar has determined the merger to be fair and in the best interests of the company and its shareholders and recommends voting in favor of the proposal. If approved, Despegar shareholders will receive $19.50 in cash per ordinary share, representing a 34% premium over the 90-day average share price before the agreement date.
More about Despegar
YTD Price Performance: 0.63%
Average Trading Volume: 1,822,526
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.61B
Find detailed analytics on DESP stock on TipRanks’ Stock Analysis page.
