Silver Lake Announces $27.50 Per Share Acquisition Of Endeavor, To Close March 24, 2025

Author: Benzinga Newsdesk | March 03, 2025 09:39am

Silver Lake hereby announces that it will close its acquisition of Endeavor Group Holdings, Inc. (NYSE:EDR) on March 24, 2025 at $27.50 per share, subject only to closing conditions that Silver Lake is confident will be satisfied prior to such time. Almost one year ago, Silver Lake entered into a binding merger agreement at this price following extensive negotiations with a special committee of independent directors of the company and is confident that $27.50 was and is appropriate and fair consideration to all Endeavor shareholders. The $27.50 price represents a 57% premium over Endeavor's unaffected closing stock price on October 24, 2023, the last full trading day prior to Silver Lake's announcement of its intention to make a proposal to take the company private.

Posted In: EDR