Soho House Going-Private Deal Granted Early Termination of HSR Act Waiting Period
MT Newswires Live
Yesterday
Soho House's (SHCO) going-private deal was granted an early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, according to the Federal Trade Commission.
Last month, Soho House said it reached agreements to be taken private by an investor group led by MCR Hotels and its chief executive, Tyler Morse, in a roughly $2.7 billion deal.
Soho House's Executive Chairman Ron Burkle and the Yucaipa Companies will roll their controlling shareholding in the company and retain majority control of the business, the company said.
Price: 8.86, Change: +0.01, Percent Change: +0.06
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.