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.
- The Proposing Shareholders, along with affiliated entities, beneficially own more than 60% of Grindr's outstanding shares.
- The proposal aims to acquire all outstanding shares not already owned by the Proposing Shareholders and their affiliates in a going-private transaction.
The Proposal contemplates consideration of $18.00 per share.
Author's summary: Grindr majority shareholders submit non-binding offer.
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