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, have submitted a non-binding proposal to acquire all remaining shares.
The proposed offer is $18.00 per share, representing 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: non-binding offer to acquire all remaining shares
- Offer price: $18.00 per share
- Premium: 51% to the unaffected stock price
The Proposal contemplates consideration of $18.00 per share in a going-private transaction.
Author's summary: Grindr majority shareholders propose buying remaining shares.