Vertiv Heads Into Friday After Turbulent Run This Week
Vertiv closed at $370.94 Friday, down 1.4% but up 9.1% for the week. The company urged shareholders to reject Tutanota’s mini-tender offer for up to 500,000 shares at $410, citing conditions tied to the stock price. RBC and Loop Capital issued bullish notes ahead of Vertiv’s May 19-20 investor conference. Shares traded at $368.61 after hours.