Home / Media & PR / VTech completes LeapFrog acquisition

VTech completes LeapFrog acquisition

VTech Holdings Limited has completed its acquisition of LeapFrog Enterprises, Inc.

Under the terms of the previously announced transaction, VTech agreed to acquire 100 per cent of the outstanding common stock of LeapFrog at $1.00 per share through an all cash tender offer followed by a second-step merger.

The tender offer commenced on March 3rd, 2016 and expired at 11:59 p.m., New York City time, on April 1st, 2016.

Approximately 56.60 per cent of all issued and outstanding shares of LeapFrog common stock were tendered into the offer and accepted for purchase by Bonita Merger Sub, an indirect wholly-owned subsidiary of VTech.

About Robert Hutchins

Check Also

There’s still time to register for this year’s Independent Toy and Gift Show

With a mere six days to go until it and its magnificent lunch menu returns, …