Reuters
Trillium Capital values Getty Images at $3.95 bln in all-cash buyout bid
Activist investor Trillium Capital said on Monday it offered to buy the shares it does not already own in Holdings Inc in an all-cash deal, valuing the stock-photo company at $3.95 billion. Trillium, which holds over 500,000 shares of , offered to buy the rest at $10 apiece, representing a premium of nearly 98% to the stock’s last close. Shares of rose nearly 43% in morning trade to $7.25, much below the offer value, indicating there were concerns over the deal going through.