Soho House (SHCO) said Thursday it received a $9.00 per share acquisition offer from a consortium supported earlier this week.
The proposal requires certain major shareholders, including Executive Chairman Ron Burkle and Yucaipa, to roll over their equity interests in Soho House, the company said.
The company's board has formed a special committee to evaluate the offer, but there is no assurance it will result in a transaction or strategic change, Soho House said. The bid follows a review by Yucaipa, which found the company is undervalued in the market, Soho House added.
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