LOS ANGELES, CALIFORNIA, UNITED STATES, May 26, 2015:
AP and the PRNewswire reported today Hot Topic, Inc. (“Hot Topic”), a leading mall and web-based specialty retailer, and Geeknet, Inc. (Nasdaq: GKNT, “Geeknet”), the parent company of online retailers ThinkGeek and ThinkGeek Solutions, today announced that they have entered into a definitive agreement under which Hot Topic will acquire all of the outstanding shares of Geeknet, Inc. common stock at a purchase price of $17.50 per share. The transaction will be completed by means of a tender offer to be commenced shortly and has a total equity value of approximately $122 million, including $37 million of cash and cash equivalents as of March 31, 2015.
Privately held Hot Topic, based in Los Angeles, has more than 650 stores in the U.S. and Canada. Geeknet will become a Hot Topic subsidiary.
Investigation firms like Assetsearchesnow.com are often retained to assist companies who are contemplating mergers or acquisitions with their pre-transaction due diligence investigations. A business background check by Assetsearchesnow.com can help you make better business decisions about selecting new suppliers, customers orders, partners, companies, etc by searching several databases exclusively available to the investigative community. If you are considering a business relationship, you need to know about the company’s background. Assetsearchesnow.com can help.
Call Assetsearchesnow.com now! Tel (800) 775-6132
To learn more: https://assetsearchpro.com
Filed under:Asset Searches, Blog, Private Detective, Private Investigator, Professional People Search Private Investigator,
The accuracy of data submitted by the requestor will directly determine the accuracy of results obtained. While the information we furnish is from reliable sources, its accuracy is not guaranteed. Use of available data may be affected by the Fair Credit Reporting Act ("FCRA"), the Fair Debt Collection Practices Act, the Graham-Leach-Bliley Act, and/or federal and state privacy laws. Our investigative reports are prepared by Asset Search Pro, at the specific instance and request of our clients. Clients agree by accepting our reports that reports and information received from Asset Search Pro, are strictly confidential, and are intended solely for our client's sole private, exclusive use. Any other use, communication, publication or reproduction of our reports, or any portion thereof, without the written consent of Asset Search Pro, is strictly forbidden. By ordering and accepting delivery of this report, our client agrees to indemnify Asset Search Pro, against any damages or claims resulting from any such unauthorized use. Our reports are not a recommendation, endorsement or approval of any kind, with respect to any specific transaction, decision or evaluation, and should not be relied on as such under any circumstances. All information contained in our reports is confidential and proprietary, i.e., our work product, hence our property as provider of our reports.
No warranty or guarantee of a particular outcome, result or recovery of information is promised or implied by Asset Search Pro, or by the materials presented on Assetsearchpro.com. Asset Search Pro agrees to work to achieve the goals of any client work or engagement with aggressive, professional methods, within the bounds of the law.