Majority Grindr Shareholders Submit Non-Binding Offer to Acquire Outstanding Shares
George Raymond Zage III and James Fu Bin Lu, collectively known as the "Proposing Shareholders," have submitted a non-binding proposal to acquire all outstanding shares of Grindr Inc.
The proposed offer represents a 51% premium to the unaffected stock price and contemplates consideration of $18.00 per share.
- The Proposing Shareholders, along with affiliated entities, beneficially own over 60% of Grindr Inc.'s outstanding common stock.
- 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 shareholders propose buying outstanding shares.
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