Brief: Penderfund Capital Management Responds To Proposed Acquisition Of The Leaf Group

Graham Holdings

13/04/2021 24:52

April 12 (Reuters) - Leaf Group Ltd  LEAF.N :
    * PENDERFUND CAPITAL MANAGEMENT LTD RESPONDS TO PROPOSED
ACQUISITION OF THE LEAF GROUP
    * PENDERFUND CAPITAL MANAGEMENT-  RESPONSE TO LEAF'S
ANNOUNCEMENT
THAT GRAHAM HOLDINGS IS GOING TO BUY IT FOR $8.50 PER SHARE
    * PENDERFUND CAPITAL MANAGEMENT- PENDER GENERALLY SUPPORTS A
SALE
OF LEAF, IT BELIEVES THAT OFFER OF $8.50 MATERIALLY UNDERVALUES
COMPANY
    * PENDERFUND CAPITAL MANAGEMENT- STRONGLY URGES CO'S BOARD
TO
REASSESS ITS DECISION ON GRAHAM HOLDINGS' OFFER
    * PENDERFUND CAPITAL MANAGEMENT - STRONGLY URGES CO'S BOARD
TO
CONTINUE TO WORK TO ACHIEVE A PRICE THAT BETTER REFLECTS LEAF'S
FULL AND FAIR VALUE

Source text for Eikon:  ID:nGNXZSCz7 
Further company coverage:  LEAF.N 

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