ZelnickMedia to Lead $126.5M Alloy Buyout
June 25, 2010- Share:
A group of investors led by ZelnickMedia has agreed to acquire Alloy (NASDAQ: ALOY) for $9.80 per share in cash, or an aggregate $126.5 million. The investing group, which also includes Natixis Caspian Private Equity, Rosemont Solebury Capital Management and GenSpring Family Offices, intends to make Alloy the leading entertainment and media brand for the millennial generation. BofA Merrill Lynch, RBS Citizens and The Private Bank are providing the debt financing for the deal.
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