PLBY Group Unanimously Rejects Unsolicited Non-Binding Offer From Cooper Hefner And Hefner Capital To Acquire Playboy Assets, Terms Disclosed Publicly By Hefner On October 21, 2024
Portfolio Pulse from Benzinga Newsdesk
PLBY Group has unanimously rejected an unsolicited non-binding offer from Cooper Hefner and Hefner Capital to acquire Playboy assets. The terms of the offer were disclosed publicly by Hefner on October 21, 2024.
October 24, 2024 | 12:36 pm
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PLBY Group has rejected an unsolicited offer from Cooper Hefner and Hefner Capital to acquire Playboy assets. This decision indicates that the company is not interested in selling its assets under the proposed terms.
The rejection of the offer suggests that PLBY Group is confident in its current strategy and valuation, and does not see the offer as beneficial. This decision may maintain the status quo in the short term, with no immediate impact on stock price expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100