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Soho House dissolves panel set up to evaluate potential take-private offer
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Soho House dissolves panel set up to evaluate potential take-private offer
May 31, 2024 5:55 AM

May 31 (Reuters) - Soho House Co ( SHCO ) said on Friday

that its board has dissolved a special committee that had been

set up to evaluate certain strategic deals, including the

possibility of going private.

The company said it had received interest from a party whose

proposal was dependent on certain Class B shareholders rolling

over their equity in the company as part of a deal.

Although the offer was at a substantial premium over the

current trading price of the company's stock, the panel rejected

the offer as it did not adequately reflect the value of the

company.

Soho House ( SHCO ) provides a global membership platform of physical

and digital spaces across the world. The company, which is

valued at about $1.05 billion, said it could re-establish the

committee again, if needed.

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