Moorgate Securities News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...

So what Graham Holdings will acquire all of Leaf Group's outstanding stock for $8.50 per share, representing a 21% premium to its closing price on April 1. The all-cash deal values Leaf Group at roughly $323 million. Image source: Getty Images. After receiving Graham Holdings' bid on Feb. 9, Leaf's Board of Directors tasked Moorgate Securities LLC to shop the deal. After 10 potential buyers declined to submit a competing bid, Leaf's board accepted Graham's offer. "After thoroughly reviewing the strategic alternatives available to Leaf Group, the Board of Directors concluded that this all-cash...