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Investing.com -- YETI Holdings , Inc. (NYSE:YETI) stock rose 5% on Friday following market speculation about possible takeover interest in the outdoor products manufacturer.
The gains came after Betaville published an "Uncooked Alert" suggesting the company may have attracted acquisition interest, according to people following the situation. While the identity of the potential buyer remains unclear, some sources cited in the report indicated that a private equity firm might be interested in acquiring the company.
Yeti, known for its premium coolers, drinkware, and outdoor gear, saw its shares climb on the takeover rumors despite no official confirmation from the company. The stock movement reflects how merger and acquisition speculation can significantly impact share prices even before any formal announcements.
The Betaville report provided limited details about the potential deal, noting only that the company had drawn interest from unspecified parties.
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