Playboy To Go Private?
Lots of big changes at Playboy… Hugh Hefner, the iconic magazine’s founder, has offered to take the company private. Folio: reports that, in a letter to the company’s board of directors, Hefner, who currently owns 69.5 percent of Playboy Enterprise’s Class A stock and 27.7 of its Class B stock, has offered to buy up remaining shares for $5.50 each in cash.
The company’s board of directors are said to be considering the offer. Should they elect to move forward with taking the company private, the board will form a special committee of independent directors.
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