“We are pleased with this agreement which recognizes the value of our multi-brand scale platform. Certain affiliates of Warburg Pincus and Goldman Sachs Private Equity Partners have entered into a voting agreement committing them to, among other things, vote approximately 36% of the outstanding shares of Endurance common stock in favor of adopting the acquisition agreement. Securities and Exchange Commission (the “SEC”). The purchase price represents a 79% premium over Endurance’s unaffected share price of $5.30 as of September 25, 2020, the last trading day prior to media speculation about a potential transaction, and a 64% premium to its closing share price on Octoof $5.81.Ī special meeting of Endurance shareholders will be held promptly following the filing of a definitive proxy statement with the U.S. Under the terms of the definitive agreement, which has been unanimously approved by the members of the Endurance Board of Directors, affiliates of Clearlake will acquire all of the outstanding common shares of Endurance for $9.50 per share in cash. (“Clearlake”) in an all cash transaction valued at approximately $3.0 billion including outstanding indebtedness.
(“Endurance” or the “Company”) (Nasdaq: EIGI), a leading provider of cloud-based platform solutions designed to help small and medium-sized businesses succeed online, announced today that it has entered into a definitive merger agreement to be acquired by affiliates of Clearlake Capital Group L.P. 02, 2020 (GLOBE NEWSWIRE) - Endurance International Group Holdings, Inc.
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