Simplify Submits Second All-Cash Bid for Marygold at $2.25 Per Share

Business Wire··US·Read original
3▲1 ▼0Impact / 5
Summary · why it matters

Simplify Asset Management has presented an alternative proposal to acquire The Marygold Companies, offering $2.25 per share in cash for 100% of the outstanding common stock. The firm said it shared the proposal with Marygold's Board of Directors on September 27th, and that it is the second offer Simplify has submitted for the full acquisition of Marygold in recent days. The $2.25 per-share price is more than 12% higher than the purchase price announced by Madison Dearborn and Marygold on September 25th. Simplify said its proposal is all-cash and not subject to any financing contingencies, which it said would provide immediate, certain value to Marygold stockholders upon completion. Paul Kim, co-founder and CEO of Simplify Asset Management, said Marygold's USCF ETF lineup is a natural complement to Simplify's alternatives- and income-focused ETF platform, and that the firm looks forward to continued engagement with the Marygold Board.

Impact on assets 2

Digital Finance & Tokenization▲ · 1 stocks
Marygold Companies Inc
MGLD
▲ PositiveCapitalrelevance

Simplify submits a second all-cash acquisition bid for Marygold at $2.25/share, above the Madison Dearborn deal price.

Financials▲ · 1 stocks

Off-coverage companies 3

Simplify Asset ManagementPrivate▲ Positive
Capitalrelevance

Simplify is the acquirer making the all-cash bid for Marygold, expanding its ETF platform.

Madison Dearborn PartnersPrivate± Mixed
Capitalrelevance

Madison Dearborn's prior acquisition price for Marygold is referenced as the benchmark Simplify's bid exceeds.

United States Commodity FundsPrivate± Mixed
relevance