Purple Innovation (PRPL) Confirms Receipt of Unsolicited, Non-Binding Proposal from Coliseum Capital

POTENTIAL DEAL DETAILS

Purple Innovation (PRPL), a comfort innovation company confirmed that on September 17, 2022, it received an unsolicited, non-binding proposal from Coliseum Capital Management, LLC to acquire all of the outstanding capital stock of Purple for $4.35 per share.

Update(s):

January 12, 2023: Purple Innovation (PRPL) announced that the Special Committee of the Purple Board of Directors has rejected a $4.35 per share unsolicited, non-binding proposal from Coliseum Capital Management.

February 13, 2023: Purple Innovation responds to Coliseum Capital’s campaign to replace a majority of the board. It believes coliseum’s effort to take control of the company without paying a suitable premium is not in the best interests of all Purple shareholders.

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