Leaf Shareholders Approve Graham Acquisition

  • Leaf Group Ltd LEAF shareholders approved the merger agreement under which education and media company Graham Holdings Co GHC will acquire Leaf Group for $8.50 per share in an all-cash transaction valued at $323 million.
  • The agreement was inked in early April.
  • Holders of 59.14% shares voted to approve the merger agreement.
  • Price action: GHC shares traded lower by 1.44% at $651.26, and LEAF shares traded higher by 0.83% at $8.49 on the last check Thursday.
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