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Bright Scholar Sets Record Date for Dissemination of Transaction Statement for "Going Private" Transaction
Prnewswire· 2025-11-20 10:30
Core Points - Bright Scholar Education Holdings Limited has set November 18, 2025, as the record date for the dissemination of the Rule 13e-3 Transaction Statement in connection with a "going private" transaction under a Merger Agreement with Excellence Education Investment Limited and Bright Education Mergersub Limited [1][4] - The merger is expected to close in 2025, resulting in Bright Scholar becoming a privately held company, with its American depositary shares (ADSs) no longer listed on the New York Stock Exchange [4] Summary by Sections Merger Agreement - The Company entered into a Merger Agreement on October 13, 2025, with Excellence Education Investment Limited and its wholly owned subsidiary [1] - Record holders of Class A and Class B ordinary shares will receive a copy of the Schedule 13E-3 and the final form of the Plan of Merger [2] Dissent Rights - Record holders wishing to exercise their dissent rights must provide written objections within seven days of receiving the Plan of Merger [3] Company Overview - Bright Scholar is a premier global education service group that provides quality international education to students, equipping them with essential academic foundations and skillsets for higher education [5]
Overlooked Stock: SEE Seals Win on Take-Private Talks
Youtube· 2025-11-13 21:30
Market on close. I'm Marley Kaden. It's time now for overlooked stocks.Shares of Sealed Air are rallying today on the back of a report the company is in talks to go private. Joining us now, George Tillis, our senior markets correspondent to talk more about Sealed Air and this potential news of them going private. You know, George, walk us through what we know here because shares are up more than 16% so far today.Yeah, it's actually having a really good day um for Sealed Air and I think um you know consideri ...
Grindr Stock Surges 10% As Company Reportedly May Go Private
Forbes· 2025-10-13 18:00
Core Viewpoint - Grindr's shares rose by as much as 11% following reports that shareholders are considering taking the company private, valuing it at $3 billion [1][2] Group 1: Company Valuation and Shareholder Actions - Majority shareholders Raymond Zage and James Lu are seeking to take Grindr private after a private lender, Temasek, reportedly seized and sold some shares [1] - The proposed buyout price is up to $15 per share, which would also value the company at approximately $3 billion [2] - As of 1:45 p.m. EDT on Monday, shares were trading at $13.18, reflecting a 10.2% increase for the day [2] Group 2: Financial Position of Shareholders - Grindr's owners are reported to be in a "precarious personal financial position," prompting discussions about the buyout [2]
EA’s $55 Billion Buyout Sets New ‘Going Private’ High Score
Yahoo Finance· 2025-09-30 10:30
Core Viewpoint - Electronic Arts (EA) has agreed to a $55 billion buyout, marking the largest acquisition of a public company to date, with a purchase price of $210 per share, which is nearly 25% higher than its pre-announcement stock value [1] Company Overview - EA has a long history of creating popular game titles such as "The Sims" and "Madden NFL," but has faced challenges in recent years, leading to significant operational struggles [2] - The company has seen a contraction in its business, resulting in workforce reductions, studio closures, and game cancellations, particularly after a major drop in stock value following a cut in annual bookings guidance [3] Industry Context - The gaming industry experienced a boom during the pandemic, but this growth has not sustained as consumer behavior shifted back to outdoor activities [3] - The dominance of free-to-play games like "Fortnite" poses a challenge for EA, which traditionally relies on higher-priced console titles [4] Financial Implications - The buyout could generate renewed investor interest in gaming companies, as evidenced by a rise in shares of EA and other gaming firms like Take-Two and Roblox following the announcement [4] - EA's revenue is heavily reliant on live-service games, which account for three-quarters of its income, suggesting a potential shift towards more mobile and streaming-friendly game formats post-acquisition [6] Regulatory Considerations - The acquisition will require regulatory approval, with potential scrutiny regarding national security due to the involvement of Saudi Arabia's sovereign wealth fund, which has been increasing its investments in the gaming sector [4]
How will going private help Electronics Arts?
Invezz· 2025-09-29 02:41
Electronic Arts Inc (NASDAQ: EA) is reportedly preparing to go private in a blockbuster deal valued at some $50 billion, according to multiple sources including The Wall Street Journal. According to these reports, the potential buyers include private equity firm Silver Lake, Saudi Arabia's Public Investment Fund, and Affinity Partners, led by Jared Kushner. ...
Office Depot owner to go private for $1B
Retail Dive· 2025-09-22 20:46
Core Insights - The ODP Corporation is planning to go private through a buyout by Atlas Holdings, with a purchase price of $28 per share, representing a 34% premium over the closing share price [2][6]. Company Overview - ODP's CEO Gerry Smith stated that the transaction is fully supported by the Board and will enhance the company's growth position [3]. - The company had previously explored sale options but decided to remain as-is due to macroeconomic conditions [3][4]. Financial Performance - In the second quarter of 2022, ODP reported total sales of $1.6 billion, a decrease of 7.6% year over year, attributed to lower sales in the Office Depot Division and a reduction of 60 retail stores [5].
DigiAsia Corp. Announces Voluntary Nasdaq Delisting in Strategic Response to Unlock Shareholder Value
Newsfile· 2025-09-13 01:33
Core Viewpoint - DigiAsia Corp. has announced its intention to voluntarily delist from the Nasdaq Stock Market as a strategic move to unlock shareholder value, with the delisting expected to take effect around October 2, 2025 [1][4]. Group 1: Delisting and Financial Strategy - The company will file a Form 25 with the SEC on or about September 22, 2025, to initiate the delisting process [1]. - The Board of Directors determined that the conditions to meet the September 15, 2025, deadline for filing a Form 20-F will not be met, primarily due to high listing-related costs and challenges in raising additional capital from public markets [2]. - The initial capital from any future sale or merger will be used to pay off lenders and vendor obligations, aiming for financial stability [5]. Group 2: Offer and Strategic Review - DigiAsia's Board received a firm offer from Indian fintech company PayMate, valuing DigiAsia at $400 million, which includes a $25 million cash component and a share swap [3]. - The Board has tasked management to review all strategic sales and merger opportunities within a thirty-day timeframe [3]. Group 3: Company Overview - DigiAsia is a leading Fintech as a Service (FaaS) provider operating a B2B2X model, offering comprehensive embedded finance solutions to small and medium enterprises (SMEs) in emerging markets [6]. - The company’s fintech architecture aims to democratize digital finance access, supporting financial inclusion for underbanked merchants and consumers [6][7]. - DigiAsia is developing its embedded FaaS enterprise solution with AI capabilities, focusing on Southeast Asia, India, and the Middle East, with plans for global expansion [7].
Canada Goose draws take-private bids valuing it at $1.35 billion as Bain Capital weighs exit
CNBC· 2025-08-27 01:42
Group 1 - Bain Capital, the controlling shareholder of Canada Goose, is receiving bids to take the company private at a valuation of approximately $1.4 billion, with Goldman Sachs advising on the sale [1] - Private equity firms Boyu Capital and Advent International have made verbal offers valuing Canada Goose at around $1.35 billion, based on eight times its 12-month average EBITDA [2] - Other interested buyers include Bosideng International and a consortium formed by FountainVest Capital and Anta Sports Product, which previously acquired Amer Sports in 2019 [3] Group 2 - Industry watchers suggest that privatizing Canada Goose would provide buyers with greater autonomy to restructure the company without the scrutiny of regular financial disclosures [4] - Bain Capital is delaying a decision until more offers are received, with due diligence expected to take less than two months once a buyer is selected [4] - Canada Goose's shares have increased over 21% this year, raising its market value to $1.18 billion, although this is significantly lower than its 2018 peak of $7.7 billion [5] Group 3 - As of March, Bain Capital owned approximately 60.5% of Canada Goose's multiple voting shares, which provide 10 times the voting power of publicly traded stock, giving Bain 55.5% of the total voting power [6]
Guess? Shares Are Trading Higher Wednesday: What's Going On?
Benzinga· 2025-08-20 20:31
Core Viewpoint - Guess?, Inc. is set to go private in a $1.4 billion deal with Authentic Brands Group, resulting in a significant increase in stock price and shareholder value [1][2]. Group 1: Deal Details - The definitive agreement involves co-founders Maurice Marciano, Paul Marciano, and CEO Carlos Alberini, along with Authentic Brands Group, taking Guess? private [2]. - Shareholders will receive $16.75 per share in cash, representing a 73% premium over the closing price on March 14, 2025, prior to the acquisition proposal [2]. - Authentic Brands Group will acquire 51% of Guess?'s intellectual property, while the Marcianos and Alberini will retain 49% [3]. Group 2: Transaction Timeline and Financials - The transaction is expected to close in the fourth quarter of Guess?'s 2026 fiscal year, subject to customary approvals [4]. - Financing will be sourced from rollover equity by the Rolling Stockholders and cash commitments from Authentic Brands [4]. - Guess? plans to continue paying a quarterly dividend of $0.225 per share until the deal closes [4]. Group 3: Market Reaction - Following the announcement, Guess? stock closed up 26.31% at $16.85 [4].
Global Helium Corp. and 2679158 Alberta Ltd. Announce Going Private Transaction
Globenewswire· 2025-07-16 12:00
Core Viewpoint - Global Helium Corp. has entered into an arrangement agreement with 2679158 Alberta Ltd. for a proposed transaction that will be considered a business combination under applicable securities laws [1][17]. Transaction Structure - The proposed transaction will be completed through a statutory plan of arrangement under the Business Corporations Act (Alberta), involving the amalgamation of a wholly-owned subsidiary of the Purchaser and Global [2]. - The Purchaser will acquire all issued and outstanding Class A Common Shares for cash consideration of $0.05 per share, with options for shareholders holding over 250,000 shares to receive Purchaser Shares instead [3]. - The Purchaser will also acquire all issued and outstanding Series A and Series B Preferred Shares for cash consideration of $0.05 per share plus accrued dividends, with similar options for large shareholders [4]. Financial Considerations - The total cash consideration payable is approximately $1.368 million, with an additional amalgamation consideration valued at approximately $2.541 million, leading to an aggregate purchase price of about $3.909 million [13]. - The cash consideration will be subject to tax deductions as required [6]. Funding and Commitments - To fund the cash consideration, the Purchaser has entered into an equity commitment agreement with Thor Resources Investor Inc., which will subscribe for Purchaser Shares for an aggregate price of up to $1,618,461 [7]. - Thor has the option to increase its subscription to maintain a 35% ownership level in the Purchaser [7]. Board and Shareholder Approval - The Board of Directors has unanimously approved the arrangement, following a recommendation from a special committee of independent directors [10]. - The arrangement requires approval from at least two-thirds of the votes cast by shareholders and a simple majority excluding certain shares [16]. Future Plans - Following the completion of the arrangement, Global intends to delist its common shares from the Canadian Securities Exchange and cease being a reporting issuer [9]. - An annual and special meeting of shareholders is planned for September 2025 to vote on the arrangement [11]. Fairness and Valuation - The Board and the Special Committee considered various factors, including market conditions and a fairness opinion from Evans & Evans, which deemed the transaction fair from a financial perspective [12].