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Why Is Smart Share Global Stock Surging Premarket On Monday?

Smart Share Global Limited (NASDAQ:EM) shares are trading higher premarket on Monday. The company disclosed that its board had received a preliminary non-binding proposal from a buyer group, including Trustar Capital and key executives, to take the company private. The offer is for $0.625 per ordinary share or $1.25 per ADS in cash, representing a 74.8% premium to the stock’s last closing price. The proposed deal values the company significantly above its recent trading averages. Smart Share Glo

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