Yext Shares in Play as CEO Bids for Control
28.11.2025 - 10:42:03Yext US98585N1063
While Yext shares held steady at $8.44 in recent trading, significant strategic developments are unfolding behind this apparent calm. The company’s Chief Executive Officer, Michael Walrath, has launched a bid to acquire the business for $9.00 per share, creating a complex corporate standoff.
The situation escalated in August 2025 when CEO Walrath, who already controls 2.8% of the equity, proposed taking the company private in a cash transaction valuing all outstanding shares at $9.00 each. This represented an 11.2% premium over the trading price at that time. The executive has secured financing for the $1.1 billion deal. In response to this proposal, Yext withdrew its financial guidance for the current fiscal year and established a special committee to Read more...
