Brief: Leapfrog Enterprises updates on buyout proposal from L&M Acquisitions

VTech Holdings

25/03/2016 17:19

March 25 (Reuters) - Leapfrog Enterprises  LF.N  
    * Co had received proposal from l&m acquisitions inc to 
acquire all outstanding shares of co through tender offer, 
second-step merger for $1.10 per share in cash 
    * Co's board determined that l&m's proposal did not 
constitute a superior proposal, and would not be expected to 
lead to a superior proposal 
 
Source text: 1.usa.gov/1LMVH6y 
Further company coverage:  LF.N  
 
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