Udemy (UDMY) Investigated for Proposed Sale to Coursera (COUR) at 0.8 Shares per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
0mins
Source: PRnewswire
- Transaction Investigation: Former Louisiana Attorney General Charles C. Foti and Kahn Swick & Foti are investigating Udemy's proposed sale to Coursera at 0.8 shares per Udemy share, aiming to assess the adequacy of the deal and whether it undervalues Udemy.
- Shareholder Rights Concern: The terms of the deal have raised concerns regarding shareholder rights, with KSF seeking to confirm if the transaction adequately reflects the company's true value, which could impact shareholder decisions and future earnings.
- Legal Consultation Services: KSF is offering legal consultation services, encouraging shareholders who believe the deal undervalues Udemy to reach out, indicating the firm's commitment to protecting shareholder interests.
- Market Reaction Expectations: This investigation may influence Udemy's market performance, particularly regarding shareholder reactions to the deal terms and potential legal actions, which could lead to stock price volatility.
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Analyst Views on COUR
Wall Street analysts forecast COUR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COUR is 12.10 USD with a low forecast of 9.00 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
8 Buy
5 Hold
0 Sell
Moderate Buy
Current: 6.180
Low
9.00
Averages
12.10
High
14.00
Current: 6.180
Low
9.00
Averages
12.10
High
14.00
About COUR
Coursera, Inc. provides an online learning platform that connects learners, educators, and institutions by providing affordable and relevant educational content. It offers a range of paid offerings, including standalone courses, multi-course specializations, industry certificate programs, and university degrees. Its segments include Consumer, Enterprise, and Degrees. The Consumer segment targets individual learners seeking to obtain hands-on learning, gain valuable job skills, receive professional-level certifications, and otherwise increase their knowledge to start or advance their careers. The Enterprise segment is focused on serving businesses, government organizations, and academic institutions by providing an online platform with access to job-relevant educational content enabling them to train, upskill, and reskill their employees, citizens, and students. The Degrees segment is engaged in partnering with universities to deliver fully online bachelor’s and master’s degrees.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Udemy (UDMY) Investigated for Proposed Sale to Coursera (COUR) at 0.8 Shares per Share
- Transaction Investigation: Former Louisiana Attorney General Charles C. Foti and Kahn Swick & Foti are investigating Udemy's proposed sale to Coursera at 0.8 shares per Udemy share, aiming to assess the adequacy of the deal and whether it undervalues Udemy.
- Shareholder Rights Concern: The terms of the deal have raised concerns regarding shareholder rights, with KSF seeking to confirm if the transaction adequately reflects the company's true value, which could impact shareholder decisions and future earnings.
- Legal Consultation Services: KSF is offering legal consultation services, encouraging shareholders who believe the deal undervalues Udemy to reach out, indicating the firm's commitment to protecting shareholder interests.
- Market Reaction Expectations: This investigation may influence Udemy's market performance, particularly regarding shareholder reactions to the deal terms and potential legal actions, which could lead to stock price volatility.
Continue Reading