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Stock Market & Financial Investment News

News Breaks
January 14, 2013
09:00 EDTLFLeapFrog initiated with a Buy at Monness Crespi
Target $12.
News For LF From The Last 14 Days
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February 5, 2016
09:19 EDTLFLeapFrog to be acquired by VTech Holdings in transaction valued at approx. $72M
VTech Holdings and LeapFrog Enterprises, a developer of educational entertainment for children, announced that the two companies have entered into a merger agreement whereby VTech will acquire LeapFrog. VTech plans to acquire 100% of the outstanding common stock of LeapFrog through an all cash tender offer followed by a second-step merger. In the tender offer, VTech will offer LeapFrog investors $1.00 per share for LeapFrog's Class A and Class B shares, which represents a 75.4% premium over the closing price of LeapFrog's Class A shares on 4 February 2016. The total purchase consideration amounts to approximately $72M. VTech will fund the tender offer through internal resources. The tender offer is expected to commence on or about March 3, and will be open for a minimum of 20 business days. The closing of the transaction is subject to satisfaction of certain conditions set forth in the merger agreement, which has been unanimously approved by the Boards of Directors of both companies. LeapFrog's Board has agreed to unanimously recommend to its stockholders that they tender their shares of LeapFrog common stock pursuant to the tender offer.
09:18 EDTLFLeapFrog to be acquired by VTech Holdings in transaction valued at approx. $72M
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09:16 EDTLFLeapFrog trading halted, pending news
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