Leaf Group将被Graham Holdings公司以每股8.50美元的全现金交易,价值3.23亿美元

04/05/21
向Leaf Group股东提供约21%的现金溢价

Leaf Group Ltd.(纽约证券交易所代码:Leaf)是一家多元化消费互联网公司,今天宣布与Graham 亚博yaboHoldings Company(纽约证券交易所代码:Leaf)达成最终合并协议。根据该协议,格雷厄姆控股将以每股8.5美元的价格,以约3.23亿美元的全现金交易收购Leaf Group的所有已发行普通股。

交易中支付的每股价格,已由Leaf Group董事会一致批准,相对于2021年4月1日(交易公告前的最后一个交易日)Leaf Group普通股的收盘价溢价约21%。相对于每股6.30美元的90天交易量加权平均交易价格,溢价约为35%。

2021年2月9日,叶片集团董事会收到格雷厄姆持股的书面提案,以获得每股8.50美元的现金收购叶团。在叶子集团收到格雷厄姆控股的报价之后,为了使股东价值最大化,摩尔盖特证券局在董事会的方向上,联系了十大财务和战略买家关于他们对收购叶集团的兴趣。这些缔约方中有六个与叶子集团订立了保密协议,并进行了尽职调查,但没有党提交了竞争报价。After an independent review of the alternatives available, including the value creation opportunity through continued execution of Leaf Group’s strategic plan, the Leaf Group Board of Directors unanimously determined that the all-cash premium transaction with Graham Holdings for $8.50 per share in cash maximizes value for Leaf Group shareholders.

聆风集团董事会主席Deborah Benton表示:“通过此次交易,我们很高兴实现价值最大化,并立即向聆风集团股东提供可观的现金溢价。在彻底审查了Leaf Group的战略选择后,董事会认为,与Graham Holdings的全现金溢价交易实现了董事会的长期目标,即充分认识到业务的价值,并为我们的股东带来即时和可观的现金价值。”

利夫集团首席执行官肖恩·莫里亚蒂表示:“我们非常高兴能与这样一个有着悠久历史和共同追求卓越的组织合作。我们一起期待继续建立Leaf集团在过去一年产生的强劲势头,Graham Holdings的额外资源和专业知识帮助我们进一步扩大年轻品牌的覆盖范围,并为我们的客户、创作者和观众创新。”亚博彩票APP

格雷厄姆控股的首席执行官Timothy J. O’shaughnessy说:“在格雷厄姆控股,我们寻找在我们的所有权下能够繁荣发展的企业,而Leaf集团收集的市场和媒体品牌为一家能够做到这一点的成长期公司创造了条件。亚博彩票APP我们很高兴能与Sean和他的团队合作,并期待推动Leaf Group的盈利增长。”

交易完成后,预计利夫集团首席执行官肖恩·莫里亚蒂(Sean Moriarty)和利夫集团高级管理团队的其他关键成员将继续留任。收购完成后,聆风集团将成为格雷厄姆控股的全资子公司。

批准和时机

该交易预计将于2021年6月或7月完成,还需得到Leaf Group股东的批准、惯例监管要求和惯例交割条件。该交易不受融资条件约束。

叶片集团董事及行政人员集体持有约2.1%的叶子集团的杰出股份已签订了一项投票协议,在此期间,他们已同意投票投票,以投票给所有叶片集团股份有利于交易。

顾问

Moorgate Securities LLC和Canaccord Genuity担任利夫集团的财务顾问,Goodwin Procter LLP担任法律顾问。Covington & Burling LLP是Graham Holdings的法律顾问。

关于叶组

亚博yaboLeaf Group Ltd.(纽约证券交易所代码:Leaf)是一家多元化的消费互联网公司,致力于打造持久的、由创意驱动的品牌,覆盖范围广泛且不断增长的生活方式类别,包括健身和健康(Well+Good、Li亚博彩票APPvestrong.com和MyPlate App),以及家居、艺术和设计(Saatchi art、Society6和Hunker)。欲了解更多关于Leaf Group的信息,请访问www.soulette.com.

关于格雷厄姆控股公司

格雷厄姆控股公司(纽约证券交易所股票代码:GHC)是一个多元化控股公司,其主要业务包括教育服务;电视广播;在线,印刷品和本地电视新闻;家庭健康和临终关怀;定制制造;汽车;和餐厅场地。公司拥有Kaplan,是全球领先的多元化教育服务领袖;格雷厄姆媒体集团(WDIV-底特律,KPRC-ZHOUSTON,WKMG-ORLANDO,KSAT-SAN ANTONIO,WJXT-Jacksonville,WCWJ-Jacksonville,WSLS-Roanoke);板岩组; Foreign Policy; and Pinna. The Company also owns Code3 and Decile, a leading social marketing solutions company; Graham Healthcare Group, home health and hospice providers; Dekko, a manufacturer of electrical solutions for applications of workspace power solutions, architectural lighting, electrical components and assemblies; Hoover Treated Wood Products, a manufacturer of pressure-impregnated kiln-dried lumber and plywood products for fire retardant and preservative applications; Joyce/Dayton Corp., a manufacturer of screw jacks, linear actuators and lifting systems; and, Forney Corporation, a manufacturer of burners, igniters, dampers and controls for combustion processes in electric utility and industrial applications. Additionally, the Company owns Lexus of Rockville, Honda of Tysons Corner, and Jeep of Bethesda; Clyde’s Restaurant Group (CRG), restaurant and entertainment venues in the Washington, DC metropolitan area; Framebridge, Inc., a custom framing service company; and, CyberVista, a cybersecurity training and workforce development company.

附加信息以及在哪里找到它

本函件涉及涉及公司的拟议合并交易,可被视为拟议合并交易的征求材料。就拟议的合并交易而言,公司将向美国证券交易委员会(SEC)提交相关材料,包括附录14A中的代理声明(“代理声明”)。本函件不能代替委托书或本公司可能向美国证券交易委员会提交或发送给本公司股东的与拟议合并交易有关的任何其他文件。在做出任何投票决定之前,公司的投资者和证券持有人应被敦促仔细阅读委托书和其他文件(包括任何修订或补充),并在获得这些文件时完整地提交给美国证券交易委员会,因为它们将包含有关公司的重要信息,二拟合并事项及有关事项。拟议的合并交易将提交公司股东审议。投资者和证券持有人将可以通过美国证券交易委员会维护的网站获得公司向美国证券交易委员会提交的委托书(如有)和其他文件的免费副本www.sec.gov.。本公司提交的文件的副本也将在公司网站www.soulette.com免费提供,或通过联系公司的投资者关系联系方式在shawn.milne@leafgroup.com

参与征集活动的人士

本公司及其董事及其董事及其执行官员和雇员可被视为参与本公司股东关于拟议合并交易的股东根据拟议的合并交易的参与者。Information about the directors and executive officers of the Company and their ownership of shares of the Company’s common stock is set forth in its Annual Report on Form 10-K for the year ended December 31, 2020, which was filed with the SEC on February 25, 2021, its proxy statement for its 2020 annual meeting of stockholders, which was filed with the SEC on April 10, 2020 and in subsequent documents filed or to be filed with the SEC, including the Proxy Statement. Additional information regarding the persons who may be deemed participants in the proxy solicitations and a description of their direct and indirect interests in the merger transaction, by security holdings or otherwise, will also be included in the Proxy Statement and other relevant materials to be filed with the SEC when they become available. You may obtain free copies of these documents as described above.

前瞻性陈述

本函件包含1995年《私人证券诉讼改革法案》所指的“前瞻性陈述”。公司通常使用术语识别前瞻性陈述,如“可能”、“将”、“应”、“预期”、“计划”、“预期”、“可能”、“打算”、“目标”、“项目”、“考虑”、“相信”、“估计”、“预测”、“可能”或“继续”,或这些术语的否定词或其他类似词。这些说法只是预测。公司的这些前瞻性陈述主要基于其当时对未来事件和财务趋势的预期和预测,以及管理层的信念和假设。前瞻性陈述受制于许多风险和不确定性,其中许多涉及公司无法控制的因素或情况。由于多种因素,公司的实际业绩可能与前瞻性陈述中陈述或暗示的业绩有重大差异,包括但不限于:(i)与公司获得完成拟议合并交易所需的股东批准的能力以及拟议合并交易完成的时间有关的风险,包括无法在预期时间内或根本无法满足交易完成条件,或拟议合并交易无法完成的风险;(二)可能对当事人和与合并协议有关的其他人提起的法律诉讼的结果;(三)可能导致合并协议终止的任何事件、变化或其他情况或条件的发生; (iv) unanticipated difficulties or expenditures relating to the proposed merger transaction, the response of business partners and competitors to the announcement of the proposed merger transaction, and/or potential difficulties in employee retention as a result of the announcement and pendency of the proposed merger transaction; (v) the response of Company stockholders to the merger agreement; and (vi) those risks detailed in the Company’s most recent Annual Report on Form 10-K and subsequent reports filed with the SEC, as well as other documents that may be filed by the Company from time to time with the SEC. Accordingly, you should not rely upon forward-looking statements as predictions of future events. The Company cannot assure you that the events and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results could differ materially from those projected in the forward-looking statements. The forward-looking statements made in this communication relate only to events as of the date on which the statements are made. Except as required by applicable law or regulation, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.

投资者联系方式:
肖恩·米尔恩
投资者关系
415-264-3419.
shawn.milne@leafgroup.com.

媒体联系人:
约翰克里斯琴森/内特·约翰逊
Sard Verbinnen&Co
415-618-8750 / 310-201-2040
LeafGroup-SVC@sardverb.com

Sharna Daduk.
VP,通讯
Sharna.daduk@leafgroup.com


主要徽标

资料来源:叶集团亚博yabo有限公司