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Grindr Special Committee Ceases Engagement with Respect to . . . Grindr Inc (NYSE: GRND) (“Grindr” or the “Company”), the Global Gayborhood in Your Pocket™, today announced that the Special Committee (the “Special Committee”) of its Board of Directors (the “Board”) has determined to cease engagement with respect to a non-binding, unsolicited take-private proposal (the “Proposal”) from large shareholders Ray Zage and James Lu (the
Grindr Stockholders Zage And Lu Withdraw $18-Per-Share Take . . . Grindr’s (GRND) major shareholders, Ray Zage and James Lu, said on Wednesday they were withdrawing the $ 18-per-share offer they made in October to take the company private, following the Special Committee's decision to terminate the engagement on the proposal Zage and Lu said that the Special Committee indicated that this determination was made due to uncertainty around the financing for
Grindr ends talks on $3. 46 billion take-private bid over . . . Shares of the company were down about 12% after a special committee said investors Ray Zage and James Lu, who together control more than 60% of Grindr's outstanding stock, had failed to provide
Grindr chairman steps down amid his bid to take the company . . . James Lu, who served on Grindr’s board for more than five years, said last week he was resigning to focus on personal business pursuits In October, Lu and fellow board member Ray Zage made an offer to take Grindr private in a nearly $3 5-billion deal