Perion to be bought by Affle for $11.70 a share in cash
The all cash deal values Perion at about $420 million and carries a 34.5% premium to the last close before the announcement.
From the company’s 6-K filing · Read the filing
The reaction, filling in at each close
When it hit
$11.38
▲ 30.80% vs the $8.70 prior close
Next close
Fills in at the close
After 5 sessions
Pending
After 10 sessions
Pending
The full story, in short
Perion signed a merger with Affle at $11.70 a share in cash. The one prior deal day in our data saw the stock fall 4.8% the next session. Holders now face a cash exit at a fixed price rather than a standalone story.
Perion was at $11.38 when the filing hit, against a last close of $8.70 on October 30, 2026; past reactions do not predict the next one.
What it means for holders
Cash
Each ordinary share converts into $11.70 in cash if the merger closes.
Equity awards
Options, RSUs and PSUs that have vested turn into cash; those still unvested are paid in cash as Amended Incentives on their original vesting dates.
Delisting
Once the deal closes, the shares stop trading on the Tel Aviv exchange and on Nasdaq, and the company deregisters.
1 · What happened
What happened
Perion signed a merger agreement with Affle on November 1, 2026. Affle will pay $11.70 in cash for each ordinary share.
The price puts equity value at roughly $420 million and is a 34.5% premium to the October 30, 2026 close. A 40 day go shop runs through December 11, 2026.
Affle's own entities put up equity through a commitment letter, and Citibank supplies debt. Financing is not a condition of the merger.
Perion targets an early 2027 close. Approval requires HSR clearance, most votes cast in favor, and Israeli waiting periods: 50 days counted from the merger proposal filing and 30 days counted from shareholder approval.
The terms
2 · Why it matters
Why it matters
The agreed price now anchors how the stock is valued, replacing standalone execution as the base case for holders.
The go shop and a break fee that drops to $10,500,000 for a deal signed during that window leave room for a competing bid. A higher offer, if any, would change the outcome.
What to watch next
- 01The go shop ends at 11:59 p.m. Israel time on December 11, 2026, and any topping bid would have to surface by then.
- 02The break fee is $14,700,000, but falls to $10,500,000 if a rival deal is signed within the go shop window.
- 03An early 2027 close depends on most votes cast, HSR clearance, and Israeli waiting periods of 50 days and 30 days.
3 · Last time
The one earlier deals day
Our data holds one earlier Deals day for Perion, an April 2026 partnership announcement. The table shows how the stock moved after it.
| Date | Event | Next day | 5 days | Recovered |
|---|---|---|---|---|
| Apr 23, 2026 | Perion expands commercial footprint with an exclusive AI ad partnership in Africa 6-K | Next day▼ 4.75% | 5 days▼ 4.38% | Recovered7 sessions |
That partnership day was followed by a 4.8% decline the next session, and the stock was still below its starting level after ten sessions.
How it unfolded
The story so far
Perion's scored event days from February 2026 through this merger filing.
Show 4 earlier events
Insiders
No open market buys appear in our insider data, which runs from April 1, 2026. Three open market sales totaling $58,965 were reported in the 90 days to October 1, 2026.
Open market sales, 90 days
3
$59.0K
Open market buys, 90 days
0
Sales, past year
10
$225.0K
| Insider | Title | Sales | Total | Last |
|---|---|---|---|---|
| Kaplan Eyal | Sales1 | Total$25.4K | LastOct 1, 2026 | |
| VORHAUS MICHAEL | Sales1 | Total$18.8K | LastOct 1, 2026 | |
| Marcus Joy Sharon | Sales1 | Total$14.7K | LastOct 1, 2026 |
Form 4 open market transactions, codes S and P. Insider data from Apr 1, 2026 to Oct 1, 2026.
Not financial advice. Past reactions don’t predict the next one. Figures come from the filing and from daily closing prices.