MarketWise received an unsolicited non-binding proposal from Monument & Cathedral Holdings, LLC to acquire outstanding equity interests for $17.25 per share.
A Special Committee of the Board of Directors is reviewing the Proposal with financial and legal advisors.
The Company aims to evaluate the Proposal and available alternatives to maximize value for shareholders.
Unsolicited Proposal
Monument & Cathedral Holdings offered $17.25 per share to acquire MarketWise.
Special Committee Review
The Board's Special Committee is evaluating the Proposal with financial and legal advisors.
Maximizing Shareholder Value
MarketWise seeks to assess the Proposal and explore potential alternatives for the Company's benefit.
- The reception of the acquisition proposal marks a significant event in MarketWise's strategic direction.
- The involvement of Centerview Partners LLC and Kirkland & Ellis LLP underscores the thorough evaluation process by the Special Committee.
MarketWise's detailed assessment of the proposal demonstrates its commitment to diligent decision-making in the best interest of shareholders.