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ANV to buy Open Lending for $3.15 per share in cash tender offer

PUBT·06/16/2026 13:01:09
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ANV to buy Open Lending for $3.15 per share in cash tender offer
  • ANV agreed to buy Open Lending for USD 3.15 per share in an all-cash tender offer.
  • Offer price implies a 78% premium to Open Lending’s 90-day VWAP as of June 15, 2026.
  • ANV plans a second-step merger at the same price to acquire any shares not tendered.
  • Deal is expected to close in Q3 2026, subject to regulatory approvals and a majority of shares tendered.
  • Completion would take Open Lending private, ending its Nasdaq listing.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Open Lending Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606160900PRIMZONEFULLFEED9747714) on June 16, 2026, and is solely responsible for the information contained therein.