13.05.2015 14:45:41

Rocket Fuel Rejects Unsolicited Conditional Proposal From Gravity4 - Quick Facts

(RTTNews) - Rocket Fuel (FUEL) Wednesday said its Board of Directors, in consultation with its independent advisors, has evaluated a proposal from Gravity4 and concluded that the proposal, which is highly conditional and inconsistent with customary public company transactions, is not credible.

Rocket Fuel is a programmatic marketing platform provider. Earlier this month it announced receipt of an unsolicited, conditional acquisition proposal from Gravity4, to acquire Rocket Fuel for $350 million in cash.

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