Grindr Shareholders Submit Non-Binding Offer to Acquire Outstanding Shares
George Raymond Zage III and James Fu Bin Lu, majority shareholders of Grindr Inc., have submitted a non-binding proposal to acquire all outstanding shares of the company's common stock.
The proposed offer represents a 51% premium to the unaffected stock price, with consideration of $18.00 per share.
- Proposing Shareholders beneficially own over 60% of Grindr Inc.'s outstanding shares.
- The proposal aims to acquire all outstanding shares not already owned by the Proposing Shareholders and their affiliates.
The Proposal contemplates consideration of $18.00 per share in a going-private transaction.
Author's summary: Grindr majority shareholders submit non-binding offer.
More News
- Owens: Stones and change | Robesonian
- OpenAI's New Browser Raises 'Insurmountably High' Security Concerns
- Fixing Intel Foundry Is Like Stopping Tripping Down The Stairs
- Jade Cargill Turns HEEL On SMACKDOWN In Brutal Attack On WWE Women's Champion Tiffany Stratton
- Indian-Origin Man in New York Arrested for Allegedly Stealing $50,000 While Holding Two Jobs, Faces 15 Years in Jail - The Logical Indian
- Ipswich Town must rue their summer turnover as former stars thrive in the Championship: Opinion News: The72 - Football League News
- The Erie Canal: How A ‘Big Ditch’ Transformed America’s Faith
- Film & TV Comedian Satish Shah passes away aged 74