OneStream, Inc. (NASDAQ:OS) saw a 28.38% surge on Tuesday, closing at $23.61 after news broke of its impending acquisition by Hg for $6.4 billion. The deal, priced at $24 per share, represents a 31% premium over the stock’s previous closing price. The acquisition, to be paid in cash, is expected to close in the first half of the year pending regulatory approvals.

OneStream CEO Tom Shea expressed optimism about the acquisition, highlighting the company’s position in the AI market and its growth potential. The deal is seen as a vote of confidence in OneStream’s strategy, employees, and partner ecosystem, with an emphasis on accelerating growth and innovation for finance customers.

While OneStream’s acquisition by Hg has generated excitement, some investors are looking towards other AI stocks with potentially higher returns and less downside risk. For those seeking opportunities in the AI market, exploring other options beyond OneStream may be advantageous.

For more insights on potential stock picks, consider exploring articles on stocks that are projected to double in three years or hidden AI stocks with growth potential. These resources can provide valuable information for investors seeking to diversify their portfolios and maximize returns.

Read more at Yahoo Finance: OneStream (OS) Skyrockets 28% on $6.4-Billion Merger With Hg