Hemisphere Media Group Stockholders Approve Acquisition by Gato Investments LP, a Portfolio Investment of Searchlight Capital Partners, L.P.
Subject to the terms of the definitive merger agreement announced on May 10, 2022, the Company's stockholders will receive $7.00 per share in cash.
- Subject to the terms of the definitive merger agreement announced on May 10, 2022, the Company's stockholders will receive $7.00 per share in cash.
- The Company expects to announce consummation of the merger within the coming days, subject to the satisfaction of certain customary closing conditions.
- Searchlight is a global private investment firm with over $10 billion in assets under management and offices in New York, London and Toronto.
- Searchlight seeks to invest in businesses where its long-term capital and strategic support accelerate value creation for all stakeholders.