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 and contemplates consideration of $18.00 per share.
The Proposing Shareholders, who own more than 60% of the outstanding shares of Grindr Inc., aim to acquire all minority shares in a going-private transaction.
- Proposed offer price: $18.00 per share
- Premium to unaffected stock price: 51%
- Ownership of Proposing Shareholders and affiliates: more than 60% of outstanding shares
Author's summary: Grindr shareholders propose buying outstanding shares.
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