Leaf Group to be Acquired by Graham Holdings Company for $8.50 Per Share in All-Cash Transaction Valued at $323 Million Delivers Significant, Immediate Cash Premium of Approximately 21% to Leaf Group Shareholders
Article content SANTA MONICA, Calif., April 05, 2021 (GLOBE NEWSWIRE) — Leaf Group Ltd. (NYSE: LEAF) (“Leaf Group” or the “Company”), a diversified consumer internet company, today announced that it has entered into a definitive merger agreement with Graham Holdings Company (NYSE: GHC) ( “Graham Holdings”), a diversified education and media company, under which Graham Holdings will acquire all of the outstanding shares of common stock of Leaf Group for $8.50 per share in an all-cash transaction valued at approximately $323 million. The price per share to be paid in the transacti...