Private equity firm Novacap to buy Integral Ad Science in $1.9 billion deal


FILE PHOTO: Dollar banknotes are seen in this picture illustration taken April 28, 2017. REUTERS/Dado Ruvic/Illustration/File photo

(Reuters) -Private equity firm Novacap will acquire Integral Ad Science in a deal that values the digital ad verification firm at around $1.9 billion, sending the target's shares up about 20% in premarket trading.

Under the deal announced on Wednesday, Novacap will acquire all of IAS' outstanding shares for $10.30 apiece in cash, representing a premium of around 22% to the stock's last closing.

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