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GreenSky Shares Surge on Takeover by Goldman Sachs >GSKY

Dow Jones Newswires ·  Sep 15, 2021 22:01

By Colin Kellaher

GreenSky Inc. shares rose more than 50% Wednesday after the specialty lender agreed to be acquired by Goldman Sachs Group Inc. in a stock-swap deal worth about $2.24 billion.

Goldman will issue 0.03 shares, worth $12.11 based on Tuesday's closing price of $403.69, for each share of GreenSky.

That represents a nearly 56% premium to Tuesday's closing price of $7.77 for Atlanta company.

GreenSky shares were recently up 51.5% to $11.77.

Write to Colin Kellaher at colin.kellaher@wsj.com

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