Brief: Silver Lake To Take Endeavor Private

Endeavor group

02/04/2024 17:30

April 2 (Reuters) - Endeavor Group Holdings Inc  EDR.N :
    * SILVER LAKE TO TAKE ENDEAVOR PRIVATE
    * ENDEAVOR GROUP HOLDINGS INC: ENDEAVOR STOCKHOLDERS TO
RECEIVE
$27.50 PER SHARE IN CASH, A 55% PREMIUM VALUE TO UNAFFECTED
SHARE PRICE
    * ENDEAVOR GROUP HOLDINGS INC - ENDEAVOR STOCKHOLDERS TO
RECEIVE
$27.50 PER SHARE IN CASH, A 55% PREMIUM VALUE TO UNAFFECTED
SHARE PRICE
    * ENDEAVOR GROUP HOLDINGS INC: PROPOSED DEAL FOR TRANSACTION
AT
$13 BILLION EQUITY VALUE AND $25 BILLION CONSOLIDATED ENTERPRISE
VALUE
    * ENDEAVOR GROUP HOLDINGS INC - ENDEAVOR STOCKHOLDERS WILL
RECEIVE
$27.50 PER SHARE IN CASH
    * ENDEAVOR GROUP HOLDINGS INC - WITH SIGNIFICANT PREMIUM
BEING
DELIVERED TO STOCKHOLDERS, ENDEAVOR IS BEING ACQUIRED AT AN
EQUITY VALUE OF $13 BILLION
    * ENDEAVOR GROUP HOLDINGS INC - COMBINED TOTAL ENTERPRISE
VALUE OF
$25 BILLION POST DEAL
    * ENDEAVOR GROUP HOLDINGS INC - TKO IS NOT PARTY TO THIS
TRANSACTION AND WILL REMAIN A PUBLICLY TRADED COMPANY
    * ENDEAVOR GROUP HOLDINGS INC: CONSUMMATION OF TRANSACTION
IS NOT
SUBJECT TO ANY FINANCING CONDITION
    * ENDEAVOR: TRANSACTION WILL BE FINANCED THROUGH A
COMBINATION OF
NEW AND REINVESTED EQUITY FROM SILVER LAKE
    * ENDEAVOR GROUP HOLDINGS INC - SPECIAL COMMITTEE
UNANIMOUSLY
APPROVED, RECOMMENDED APPROVAL BY ENDEAVOR'S EXECUTIVE COMMITTEE
OF PROPOSED TRANSACTION
    * ENDEAVOR: TRANSACTION WILL ALSO BE FINANCED VIA CAPITAL
ANCHORED
BY MUBADALA INVESTMENT, DFO MANAGEMENT, OTHERS
    * ENDEAVOR: TRANSACTION WILL ALSO BE FINANCED VIA EQUITY
ROLLED
OVER BY MEMBERS OF ENDEAVOR MANAGEMENT TEAM

Source text for Eikon:  ID:nBw3x1Rl9a 
Further company coverage:  EDR.N 

 ((Reuters.Briefs@thomsonreuters.com;))