Leaf Group’s $323 Million Merger Agreement with Graham Holdings Company

Goodwin Procter LLP advised Leaf Group Ltd. on the deal.

Leaf Group Ltd. (NYSE: LEAF) announced its definitive merger agreement with Graham Holdings Company (NYSE: GHC) under which Graham Holdings will acquire all of the outstanding shares of common stock of Leaf Group for $8.50 per share in an all-cash transaction valued at approximately $323 million.

Leaf Group is a diversified consumer internet company that builds enduring, creator-driven brands that reach passionate audiences in large and growing lifestyle categories, including fitness and wellness (Well+Good, Livestrong.com, and MyPlate App), and home, art, and design (Saatchi Art, Society6, and Hunker).

Graham Holdings is a diversified holding company whose principal operations include educational services; television broadcasting; online, print and local TV news; home health and hospice care; custom manufacturing; automotive; and, restaurant venues.

The Goodwin team was led by Joe Johnson, Andrew Goodman (Picture) and Tobias Schad.

 

Involved fees earner: Andrew Goodman – Goodwin Procter; Joseph Johnson – Goodwin Procter; Tobias Schad – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: Leaf Group Ltd. ;

Martina Bellini

Author: Martina Bellini