Orchard Returns to the Private Side
August 2, 2010- Share:
Dimensional Associates has acquired The Orchard (NASDAQ: ORCD) in a $13 million public-to-private buyout, which values the entire company at $22.41 million. Prior to the deal, Dimensional was already the majority shareholder of the music and video distributor. The investor first acquired a stake in a $10 million LBO in 2003 before making a partial exit through a $20.8 million reverse merger by Digital Music in 2007. Dimensional will now pay other Orchard shareholders $2.05 in cash per share of common stock.
- Share:
-
-
-
-