POTENTIAL DEAL DETAILS
|Stock||Purple Innovation, Inc.||Symbol||PRPL|
|Date Announced||09/19/2022||Source||Press Release|
|Type||Unsolicited Bid||Acquiring Company/Person||Coliseum Capital Management, LLC|
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.
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.
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.