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Trillium Capital proposes to acquire Getty Images for $10 per share

Apr. 24, 2023 8:43 AM ETGetty Images Holdings, Inc. (GETY)By: Mary Christine Joy, SA News Editor6 Comments
Business mergers and acquisitions concept. Share acquisition, asset business acquisition, amalgamation. Business review and development model. The abbreviation M and A on smart background, copy space.

Parradee Kietsirikul

  • Trillium Capital has proposed to acquire Getty Images Holding (NYSE:GETY) for $10 per share in cash.
  • The former said that if the non-binding proposal is accepted, the company's managing partner will join Getty's board as its chairman.
  • GETY shares were trading +45.45% pre-market.
  • Source: Press Release

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Comments (6)

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Stock Scanner profile picture
This is a joke. Trillium owns $3 million in shares and wants to buy the company for $4 billion! Their press releases are filled with spelling mistakes - not knowing the difference between principle and principal, for instance. No one is going to lend them money for this deal. The company isn't worth 12x EBITDA, like they think. $0.25 of annual EPS, so it's a $5 stock!
@Stock Scanner I think it’s more plausible that they own(ed) 3M in notional value of OTM calls. Our man has deleted his LinkedIn 😅
El Financeiro profile picture
$10 per share. This is likely the best outcome for GETY. Board should be doing their due diligence.
Michael Bryant profile picture
But $GETY is still $7.12/share, so it seems the market doesn't think the non-binding proposal will be accepted. $10/share would be about the SPAC IPO price. https://schrts.co/NyQaPurJ
@Michael Bryant GETY is at $7.42 right now but still very far from $10.00
@Michael Bryant It is a sweet deal under the present stock movement.
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