- PR Newswire•9 months ago
HONG KONG and EMERYVILLE, Calif., April 4, 2016 /PRNewswire/ -- VTech Holdings Limited (VTech, HKSE: 303), a global leader in electronic learning products and cordless telephones, today announced that the company has completed its acquisition of LeapFrog Enterprises, Inc. (LeapFrog, NYSE: LF), a leading developer of educational entertainment for children. Under the terms of the previously announced transaction, VTech agreed to acquire 100% of the outstanding common stock of LeapFrog at US$1.00 per share through an all cash tender offer followed by a second-step merger. The tender offer commenced on March 3, 2016 and expired at 11:59 p.m., New York City time, on April 1, 2016.
- PR Newswire•9 months ago
HONG KONG and EMERYVILLE, Calif., April 4, 2016 /PRNewswire/ -- VTech Holdings Limited (VTech, HKSE: 303), a global leader in electronic learning products and cordless telephones, today announced that approximately 56.60% of all issued and outstanding shares of common stock of LeapFrog Enterprises, Inc. (LeapFrog, NYSE: LF) had been validly tendered and not withdrawn as of 11:59 p.m., New York City time, on April 1, 2016, the expiration date of the cash tender offer (the "Offer") conducted by Bonita Merger Sub, L.L.C., an indirect wholly-owned subsidiary of VTech. All of the tendered shares have been accepted for purchase by Bonita Merger Sub, L.L.C. As the conditions to the Offer have been satisfied as of the expiration of the Offer, the parties expect to complete the merger today in accordance with the terms of the Agreement and Plan of Merger, dated February 5, 2016, as amended, among VTech, LeapFrog and Bonita Merger Sub, L.L.C.
- PR Newswire•10 months agoLeapFrog Board Of Directors Reaffirms Support Of Merger With VTech; No Superior Proposals Have Been Made Or Are Pending
EMERYVILLE, Calif., March 30, 2016 /PRNewswire/ -- LeapFrog Enterprises, Inc. (LF) today reiterated its recommendation that LeapFrog's stockholders accept the currently outstanding tender offer from an indirect, wholly-owned subsidiary of VTech Holdings Limited ("VTech") for $1.00 per share for all outstanding shares of Class A common stock and Class B common stock. The offer is currently scheduled to expire at 11:59 p.m., New York City time, on April 1, 2016. "The value, certainty and timing offered by the VTech tender offer, which represented a 75 percent premium to the closing price of LeapFrog's Class A Common Stock on the New York Stock Exchange on February 4, 2016, provides stockholders with the greatest value available," said Bill Chiasson, the Chairman of LeapFrog's Board of Directors.
LF: Summary for Leapfrog Enterprises Inc - Yahoo Finance
Leapfrog Enterprises Inc (LF)
NYSE - NYSE Delayed price. Currency in USD
Add to watchlist
At close: 3:02PM EST
|Day's range||0.00 - 0.00|
Trade prices are not sourced from all markets
|PE ratio (TTM)||N/A|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|