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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.
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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. ....

Deborah Benton , Sean Moriarty , Leaf Group , Moorgate Securities , Graham Holdings , Graham Holding , Chairperson Deborah Benton , Saatchi Art , டெபோரா பெண்டன் , சீன் மோரீயார்டீ , இலை குழு , மூர்கேட் பத்திரங்கள் , கிரஹாம் ஹோல்டிங்ஸ் , கிரஹாம் வைத்திருத்தல் , தலைவர் டெபோரா பெண்டன் , ஸாசி கலை ,