Getty Images Plunges 5% as Blockbuster Trillium Capital Takeover Bid Faces Unexpected Rejection
Shares of Getty Images Holdings Inc. dropped by 5% following the company’s announcement that its board had rejected an acquisition proposal from activist investor Trillium Capital LLC. Trillium, which earlier this month encouraged Getty to find a buyer, offered to buy Getty Images for $10 a share. However, the board deemed this proposal “unsolicited,” “highly […]