ANV says 85.65% of Open Lending shares tendered in USD 3.15 offer
LPRO•Tender offer draws 85.65% of shares
ANV says its tender offer for Open Lending shares at USD 3.15 each drew 101,348,383 shares, or 85.65% of shares outstanding.
ANV’s unit Lakers Acquisition Sub accepted the tendered shares for payment on July 28.
ANV plans to complete a follow-on merger on July 30, cashing out remaining shares at USD 3.15 each.
