Hello,
We hope this finds you well
Yesterday, we sent out our report for Heidrick and Struggles International. Read the full report, here.
Today, Heidrick and Struggles returned 19.6% following the announcement of an agreement in which all of the company’s outstanding public shares will be acquired, taking the company private.
The agreement states that Heidrick and Struggles shareholders will receive $59 in cash per share. As the closing price was $58.22, we no longer believe the stock to be a buy.