Endeavor Group Holdings Inc (EDR) has issued an update.
Endeavor Group Holdings, Inc. has entered into a complex Merger Agreement involving several of its subsidiaries and related entities, leading to a major restructuring of the company. Under the agreement, different mergers will take place, streamlining Endeavor’s ownership across its various branches, with significant cash payouts for shares and membership interests affected by the mergers. The deal has been approved by a special committee of independent directors and has received the necessary stockholder consent, which means no further stockholder approvals are needed. The agreement will also result in the delisting of Class A Common Stock from the New York Stock Exchange, marking a significant shift in the company’s structure and ownership.
For detailed information about EDR stock, go to TipRanks’ Stock Analysis page.
