George Raymond Zage III and James F. Lu Submit Non-Binding Offer to Acquire Grindr Inc.
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.
The proposed offer represents a 51% premium to the unaffected stock price, with a 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.
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