m_and_a
confidence high
sentiment neutral
materiality 0.75
MarketWise Special Committee retains advisors to evaluate $17.25/sh unsolicited bid from M&C
MARKETWISE, INC.
- Special Committee retained Centerview Partners (financial) and Kirkland & Ellis (legal) to review the Proposal.
- Unsolicited non-binding proposal from Monument & Cathedral Holdings (M&C) to acquire all outstanding shares not owned by M&C for $17.25 per share cash.
- Proposal contingent upon termination of the Company's tax receivable agreement.
- No assurance that any transaction will result; MarketWise will not comment further unless appropriate.
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