Yext stock soars after $180 million takeover bid announcement

LootboxPhobia · 2026-02-11T09:32:20+00:00

Yext, Inc. announced a share repurchase using a modified Dutch auction method, with a planned maximum buyback of $180 million, causing the stock price to rise by 11%. The repurchase price per share ranges from $5.75 to $6.50, representing a significant premium over last week's closing price. This move aims to return capital to shareholders and provide financing flexibility.

LootboxPhobia

2026-02-11 09:32:20

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Investing.com – Yext, Inc. (NYSE:YEXT) saw its stock surge 11% on Tuesday after the brand visibility platform announced a “modified Dutch auction” tender offer to repurchase up to $180 million of its common stock.

The company proposed to buy back shares at cash prices ranging from $5.75 to $6.50 per share, representing a premium of 17% to 32% over Monday’s closing price of $4.91. The tender offer is set to expire on March 12, 2026, unless extended or terminated.

Yext stated that the purpose of the tender offer is to return capital to shareholders. The company believes that the “modified Dutch auction” mechanism provides all shareholders with the opportunity to sell all or part of their shares at a price within the specified range, according to their preferences.

The offer also provides shareholders with a chance to realize gains on their holdings, avoiding potential stock price fluctuations and transaction costs typically associated with open market trading. Shareholders who choose not to participate will see their relative ownership stake in the company increase.

Under the terms of the offer, shareholders can submit their shares before the deadline and may withdraw them at any time before the offer concludes. The company noted that this tender process can provide liquidity while having less impact on the stock price compared to traditional market transactions.

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