Driven Brands Holdings Inc. Rejects Non-Binding, Highly Conditional and Unsolicited Proposal from ADW Capital
Driven Brands' Board unanimously rejected a non-binding, unsolicited proposal from ADW Capital to acquire the company for $18.00 per share in cash. The Board concluded that the proposal is highly conditional and significantly undervalues the company relative to its long-term value creation opportunities.
Key figures
- Revenue
- $1.9 billion
- Offering Price
- 18
- Locations
- 4200
- System wide sales
- $6.1 billion
AI analysis
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