Majority Grindr Shareholders Submit Non-Binding Offer to Acquire All Outstanding Shares
George Raymond Zage III and James Fu Bin Lu, who together own more than 60% of Grindr Inc.'s outstanding shares, have submitted a non-binding proposal to acquire all outstanding shares not already owned by them and their affiliates.
The proposed offer represents a 51% premium to the unaffected stock price and contemplates consideration of $18.00 per share.
The Proposal contemplates consideration of $18.00 per share in a going-private transaction.
- Proposing Shareholders own more than 60% of Grindr Inc.'s outstanding shares.
- Proposed offer represents a 51% premium to the unaffected stock price.
- Consideration of $18.00 per share in a going-private transaction.
Author's summary: Grindr shareholders submit non-binding offer.
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