By Colin Kellaher

 

GreenSky Inc. shares rose more than 50% Wednesday after the specialty lender agreed to be acquired by Goldman Sachs Group Inc. in a stock-swap deal worth about $2.24 billion.

Goldman will issue 0.03 shares, worth $12.11 based on Tuesday's closing price of $403.69, for each share of GreenSky.

That represents a nearly 56% premium to Tuesday's closing price of $7.77 for Atlanta company.

GreenSky shares were recently up 51.5% to $11.77.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

September 15, 2021 10:16 ET (14:16 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
GreenSky (NASDAQ:GSKY)
Historical Stock Chart
From Sep 2021 to Oct 2021 Click Here for more GreenSky Charts.
GreenSky (NASDAQ:GSKY)
Historical Stock Chart
From Oct 2020 to Oct 2021 Click Here for more GreenSky Charts.