secwatch.observer — SEC 8-K summary
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Issuer:     Endeavor Group Holdings, Inc. (—)
CIK:        0001766363
Form:       8-K
Filed at:   2024-04-03T23:59:59+00:00
Accession:  0001193125-24-085376
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Endeavor to go private in $27.50/share deal with Silver Lake; Emanuel to remain CEO
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- Going-private transaction at $27.50 per share in cash; Class A stock to be delisted from NYSE.
- Silver Lake and management stockholders (>50% voting power) approved the merger via written consent.
- Termination fees: $288.5M payable by OpCo for superior proposal; $705M payable by Parent entities if they breach or fail to close.
- Financing committed: Silver Lake equity commitment + debt financing from JPMorgan, Morgan Stanley, Bank of America, Goldman Sachs, Barclays, Deutsche Bank, RBC.
- Post-merger: Ariel Emanuel named CEO of Endeavor and Founder/Executive Chairman of WME; Patrick Whitesell named Chairman of Endeavor and WME.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766363/000119312524085376/0001193125-24-085376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766363/000119312524085376/d803092d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-085376

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer