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 premium transaction with Graham Holdings achieved the Board s long-term objective of fully recognizing the value of the business and delivers immediate and substantial cash value to our shareholders, Leaf Chairperson Deborah Benton said in a press release.
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Daxton Hotel Celebrates Its Grand Opening in Birmingham This Month
April 1, 2021
Daxton Hotel features a minimalist-luxe design with avant-garde furniture and a chartreuse lobby. // Rendering courtesy of Aparium Hotel Group
Your staycation options are getting a little posher. Aparium, the Chicago-based group behind the Detroit Foundation Hotel, celebrates the grand opening of the 151-room Daxton Hotel in downtown Birmingham this month.
“Daxton Hotel is a standout in Aparium Hotel Group’s portfolio,” says General Manager Aaron Black, “as it brings a modern vision of Birmingham luxury and incorporates some of the finest art, wellness, dining, and retail that hospitality can offer.”
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