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

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

Comments

[Stock Scanner]

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!

[Alex Taussig]

@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]

$10 per share. This is likely the best outcome for GETY. Board should be doing their due diligence.

[Michael Bryant]

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

[Doc Bugg]

@Michael Bryant GETY is at $7.42 right now but still very far from $10.00

[Washraf 0313]

@Michael Bryant It is a sweet deal under the present stock movement.