First Brands Group, LLC successfully completed its tender offer to purchase Horizon Global Corp.
The company bought any and all issued and outstanding shares of common stock of Horizon Global at a price of $1.75 a share and any and all issued and outstanding shares of Series B preferred stock of Horizon Global at a price equal to the redemption price per share of Series B preferred stock.
First Brands completed the previously announced acquisition of Horizon Global, pursuant to an agreement and plan of merger, dated Dec. 30, 2022.
All conditions of the offer were satisfied, the companies said, and First Brands completed its acquisition of all issued and outstanding equity securities of Horizon Global for the offer price.
As a result of the acquisition, Horizon Global became a wholly-owned subsidiary of First Brands.
