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Wintrust Business Minute: Chicago-based Sprout Social apparently not going private

 
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Manage episode 419729839 series 3035618
Contenido proporcionado por wgnradio.com. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente wgnradio.com o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Chicago-based software company Sprout Social is apparently not going private. This follows a report that the company was in talks with private-equity firms about a buy out. Reuters reported the company had formed a special committee to consider a deal and hired an investment banker as adviser. But in a securities filing, the company says there is no process in place to sell or take the company private. Sprout’s share price rose about 6% after the Reuters report but fell after company’s denial. Shares dropped sharply earlier this month after the company lowered its revenue forecast for the year.

Also, two new developments in Chicago’s Fulton Market would bring 1,800 apartments to that neighborhood. Listen for more below:

  continue reading

103 episodios

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Manage episode 419729839 series 3035618
Contenido proporcionado por wgnradio.com. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente wgnradio.com o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Chicago-based software company Sprout Social is apparently not going private. This follows a report that the company was in talks with private-equity firms about a buy out. Reuters reported the company had formed a special committee to consider a deal and hired an investment banker as adviser. But in a securities filing, the company says there is no process in place to sell or take the company private. Sprout’s share price rose about 6% after the Reuters report but fell after company’s denial. Shares dropped sharply earlier this month after the company lowered its revenue forecast for the year.

Also, two new developments in Chicago’s Fulton Market would bring 1,800 apartments to that neighborhood. Listen for more below:

  continue reading

103 episodios

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