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Deal snapshot: LARGEST SHAREHOLDER OF SIZMED OPPOSES SALE TO VECTOR CAPITAL.

MANews-(C)2009-2016

Alex Meruelo, the largest beneficial shareholder of US-based ad management company Sizmek Inc. (NASDAQ: SZMK) is in strong opposition to the sale of Sizmek to an affiliate of US-based private equity firm Vector Capital, Meruelo said. Meruelo, together with Meruelo Investment Partners LLC and Alex Meruelo Living Trust beneficially own approx. 13.8% of the company's outstanding shares of common stock.

On 3 August, Sizmek announced it had entered into a definitive agreement to be acquired by affiliates of Vector Capital for USD 3.90 per share in cash. This deal values Sizmek at around USD 122m.

Country: USA

Sector: Advertising/PR

Target: Sizmek Inc.

Buyer: Vector Capital/affiliate

Vendor:

Deal size in USD: USD 122m

Type: LBO

Financing: Cash

Status: Agreed

Buyer advisor: Kirkland and Ellis LLP , ,

Comment: Deal is opposed by Alex Meruelo, who along with Meruelo Investment Partners LLC and Alex Meruelo Living Trust beneficially owns approx. 13.8% of the company's outstanding shares of common stock

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Publication:M & A Navigator
Date:Aug 12, 2016
Words:163
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