Majority Grindr Shareholders Submit Non-Binding Offer
George Raymond Zage III and James Fu Bin Lu, who own over 60% of Grindr Inc.'s outstanding shares, submitted a non-binding proposal to acquire all outstanding shares for $18.00 per share.
The proposed offer represents a 51% premium to the unaffected stock price.
- Proposing Shareholders: George Raymond Zage III and James Fu Bin Lu
- Ownership: over 60% of Grindr Inc.'s outstanding shares
- Proposal: acquire all outstanding shares for $18.00 per share
The Proposal contemplates consideration of $18.00 per share.
Author's summary: Grindr majority shareholders offer $18 per share.