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POTENTIAL DEAL DETAILS
| Stock | FIGS, Inc. | Symbol | FIGS |
| Date Announced | 12/10/2024 | Source | WSJ |
| Type | News Report |
The Wall Street Journal reported that medical apparel maker Figs (FIGS) received a takeover offer from private equity firm Story3 Capital Partners that valued the company at more than $1 billion.
Story3 offered $6 a share for the common shares outstanding of Figs that it doesn’t already own. Story3 and affiliated funds own a little over 1% of the company’s shares.
Story3 said that Fortress Investment Group, one of its strategic limited partners, is prepared to provide the debt financing for the deal.
FIGS, Inc. Investor Relations
Story3 Capital Partners Investor Relations
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.