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