InsideArbitrage Potential Deal Alert: Investor Trillium Capital pushes Getty Images (GETY) to evaluate options

POTENTIAL DEAL DETAILS

Activist Investor Trillium Capital pushes Getty Images Holding (GETY) the stock-photo company to evaluate strategic options including a sale.

Update(s):

April 24, 2023: Reuters reported that Activist investor Trillium Capital said it offered to buy the shares it does not already own in Getty Images Holdings Inc (GETY) in an all-cash deal for $10 per share in cash, valuing the stock-photo company at $3.95 billion.

There was speculation that this offer might not be genuine and there was some confusion yesterday about the firm that had made the offer to acquire Getty. We called Trillium Asset Management, a Boston based firm with over $6 billion in assets under management and they confirmed to InsideArbitrage that they had not made an offer for Getty.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.