MoneyLion to Hold Special Stockholder Meeting on Proposed Acquisition by Gen Digital
MoneyLion Inc. Class A (ML)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--MoneyLion Inc. (“MoneyLion”) (NYSE: ML), a digital ecosystem for consumer finance that empowers everyone to make their best financial decisions, today announced that it has set the date for the special stockholder meeting to consider and vote on the proposal to adopt the merger agreement in connection with the proposed acquisition of MoneyLion by Gen Digital Inc. (“Gen” or “Gen Digital”) (NASDAQ: GEN). The special meeting will be held on April 10, 2025 for MoneyLion stockholders of record at the close of business on February 11, 2025.About the TransactionOn December 10, 2024, MoneyLion announced that it had entered into a definitive agreement for Gen to acquire all outstanding shares of MoneyLion (the “Transaction”) at a price of $82.00 per share in cash, representing a cash value of approximately $1 billion. In addition, for each share owned, MoneyLion stockholders will receive at closing one contingent value right (“CVR”) that entitles the holder to a
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