Soho House rejects the recent takeover offer as undervalued

seekingalpha05-31

Soho House & Co Inc. (SOHO) issued a statement on Friday confirming that it received an acquisition offer from a party at a value that reflected a substantial premium over the current trading price. ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2439996857?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/646653958/image_646653958.jpg","is_english":true,"pubTime":"2024-05-31 20:20","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2439996857","market":"sh","top_or_hot":-1,"title":"Soho House rejects the recent takeover offer as undervalued","media":"seekingalpha","content":"<div>\n<p>Soho House & Co Inc. (SOHO) issued a statement on Friday confirming that it received an acquisition offer from a party at a value that reflected a substantial premium over the current trading price. ...</p>\n\n<a href=\"https://seekingalpha.com/news/4111907-soho-house-rejects-the-recent-takeover-offer-as-undervalued\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Soho House rejects the recent takeover offer as undervalued</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoho House rejects the recent takeover offer as undervalued\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-31 20:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4111907-soho-house-rejects-the-recent-takeover-offer-as-undervalued><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Soho House & Co Inc. (SOHO) issued a statement on Friday confirming that it received an acquisition offer from a party at a value that reflected a substantial premium over the current trading price. ...</p>\n\n<a href=\"https://seekingalpha.com/news/4111907-soho-house-rejects-the-recent-takeover-offer-as-undervalued\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4142","symbol_name":"酒店、度假村与豪华游轮","start_time":0,"source_url":"https://seekingalpha.com/news/4111907-soho-house-rejects-the-recent-takeover-offer-as-undervalued","article_id":"2439996857","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/646653958/image_646653958.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2439996857","pubTimestamp":1717158000,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Soho House & Co Inc.  issued a statement on Friday confirming that it received an acquisition offer from a party at a value that reflected a substantial premium over the current trading price. However, after thorough review by the board's special committee and its independent advisors, it was concluded that the offer did not adequately reflect the value of the company and was not in the best interests of shareholders. The board has dissolved the special committee but noted that it has the ability to establish a similar committee in the future. Separately, Soho House  announced its intention to hold an Investor Day later this year, at which it intends to update investors on its long-term growth plans. Shares of Soho House  fell 0.50% in premarket trading and are down more than 25% on a year-to-date basis. Short interest on SHCO stands at 4.8% of the total float.","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4142":"酒店、度假村与豪华游轮","BK4218":"酒店及度假村房地产信托","SOHO":"Sotherly Hotels Inc.","SHCO":"SOHO HOUSE & CO INC","BK4181":"酒店及度假村房地产投资信托"},"translate_title":"Soho House因估值被低估而拒绝最近的收购要约","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHCO":1,"SOHO":1},"content_text":"Soho House & Co Inc. (SOHO) issued a statement on Friday confirming that it received an acquisition offer from a party at a value that reflected a substantial premium over the current trading price. However, after thorough review by the board's special committee and its independent advisors, it was concluded that the offer did not adequately reflect the value of the company and was not in the best interests of shareholders. The board has dissolved the special committee but noted that it has the ability to establish a similar committee in the future. Separately, Soho House (NYSE:SHCO) announced its intention to hold an Investor Day later this year, at which it intends to update investors on its long-term growth plans. Shares of Soho House (SHCO) fell 0.50% in premarket trading and are down more than 25% on a year-to-date basis. Short interest on SHCO stands at 4.8% of the total float.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2439996857"}