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Open Lending to Go Private in Acquisition Deal With ANV Group

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Open Lending (LPRO) said Tuesday that it has agreed to be acquired by ANV Group for $3.15 per share in cash.

The companies said the acquisition price represents an approximately 78% premium to Open Lending's 90-day volume-weighted average price as of Monday.

Under the deal, ANV will acquire all remaining shares of Open Lending common stock not tendered in the tender offer through a second-step merger, also at $3.15 per share.

Once the deal closes, Open Lending will become a privately held company and its shares will no longer be listed on Nasdaq.

Price: $2.10, Change: $-0.08, Percent Change: -3.67%

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