TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

GNK Holdings and Marcus Lemonis Submit $1.10 Per Share Non-Binding Proposal to Acquire BARK, Inc.

Benzinga Logo Benzinga By Globe Newswire
GNK Holdings and Marcus Lemonis Submit $1.10 Per Share Non-Binding Proposal to Acquire BARK, Inc.

GNK Holdings and Marcus Lemonis have submitted a non-binding proposal to acquire BARK, Inc. for $1.10 per share in an all-cash transaction, valuing the company at approximately $188.7 million. This represents a 22% premium to a previous proposal by Great Dane Ventures. The Group plans to complete confirmatory due diligence within 30 days and execute definitive agreements within five weeks.

Insights
BARK   positive

The company received a competitive acquisition proposal at $1.10 per share representing a 22% premium to a previous offer, indicating strong investor interest and potential value unlock for shareholders. The proposal from an experienced operator with a clear operational playbook suggests confidence in the company's potential.