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NEW YORK , /PRNewswire/ — Match, the world’s leading personals company and an operating business of IAC (Nasdaq: IACI), announced today that it intends to launch a voluntary public tender offer for all of the outstanding shares of Meetic S.A. at a price of euro per share in cash. The offer price represents a premium of approximately 11.6% on the closing price of Meetic shares on .
Match owns approximately 27% of the outstanding shares www.hookupdate.net/es/dating-by-age-es/ of Meetic, which it obtained when it combined its European businesses with Meetic in 2009.
“Today we are announcing a big step forward in strengthening our partnership with Meetic and aligning the companies for even greater growth,” said Greg Blatt , CEO of IAC. “We believe people will increasingly meet online, and increasing our ownership stake allows us to leverage our commitments to product, marketing and technology innovation in the space across Europe. Meetic has done a fantastic job realizing the synergies from the 2009 merger, and now we believe we can apply the same lessons learned in revitalizing Match’s growth trajectory in the U.S. beginning in 2009.”
Marc Simoncini , Meetic’s founder and Chairman, has entered into a binding agreement to tender in the offer approximately 3.7 million shares, representing approximately 16% of the total number of shares outstanding. Mr. Simoncini will retain the balance of his stake (approximately 1.6 million shares, representing approximately 7% of the total number of shares outstanding) and intends to remain on Meetic’s Board. Continue reading Match Announces Planned Public Offer for all Outstanding Shares of Meetic S.A