Brief: Nerdwallet To Acquire On The Barrelhead For Approximately $120 Million

NerdWallet

24/06/2022 24:19

June 23 (Reuters) - Nerdwallet Inc  NRDS.O :
    * NERDWALLET TO ACQUIRE ON THE BARRELHEAD
    * TO ACQUIRE ALL OUTSTANDING SHARES OF ON THE BARRELHEAD FOR
APPROXIMATELY $120 MILLION
    * DEAL CONSISTING OF APPROXIMATELY $70 MILLION IN CASH AND
$50
MILLION IN NERDWALLET CLASS A COMMON STOCK
    * NERDWALLET EXPECTS ACQUISITION WILL BE ACCRETIVE TO
NERDWALLET'S
2022 REVENUE AND ADJUSTED EBITDA
    * NEW COMPENSATORY BONUS RETENTION POOL OF APPROXIMATELY $30
MILLION HAS BEEN PLANNED FOR ON THE BARRELHEAD MANAGEMENT

Source text for Eikon:  ID:nBw94r7HZa 
Further company coverage:  NRDS.O 

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