PLBY Group Rejects Unsolicited Offer for Its Playboy Assets
PLBY Group, Inc. (PLBY)
Company Research
Source: GlobeNewswire
LOS ANGELES, Oct. 24, 2024 (GLOBE NEWSWIRE) -- PLBY Group, Inc. (NASDAQ: PLBY) (“PLBY Group” or the “Company”), a leading pleasure and leisure lifestyle company and owner of Playboy, one of the most recognizable and iconic brands in the world, announced today that the Company’s Board of Directors (the “Board”) has unanimously rejected an unsolicited, non-binding offer from Cooper Hefner and Hefner Capital, LLC (together, “Hefner”) to acquire the Company’s Playboy assets on the terms publicly disclosed to the press by Hefner on October 21, 2024. “After careful review and consideration of Hefner’s unsolicited proposal, our Board determined that the proposal substantially undervalues the Playboy assets and is not in the best interest of PLBY Group’s stockholders,” said Ben Kohn, Chief Executive Officer and a Director of PLBY Group. “While we certainly understand and are appreciative of the interest in Playboy’s unparalleled brand, the Board is confident that the Company’s continuing p
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PLBY
News
- PLBY Group Inc (PLBY) Q3 2024 Earnings Call Highlights: Strategic Moves and Financial Restructuring [Yahoo! Finance]Yahoo! Finance
- PLBY Group Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- PLBY Group Reports Third Quarter 2024 Financial ResultsGlobeNewswire
- Earnings To Watch: PLBY Group Inc (PLBY) Reports Q3 2024 Result [Yahoo! Finance]Yahoo! Finance
- PLBY Group Completes $22.35 Million Private Placement [Yahoo! Finance]Yahoo! Finance
PLBY
Earnings
- 3/27/24 - Beat
PLBY
Sec Filings
- 11/14/24 - Form 8-K
- 11/13/24 - Form 3
- 11/13/24 - Form SC
- PLBY's page on the SEC website