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LeapFrog again recommends 'yes' for offer from VTech Holdings

Staff writer |
LeapFrog Enterprises reiterated its recommendation that its stockholders accept the currently outstanding tender offer from an indirect, wholly-owned subsidiary of VTech Holdings for $1 per share.

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The offer is currently scheduled to expire at 11:59 p.m., New York City time, on April 1, 2016.

"The value, certainty and timing offered by the VTech tender offer, which represented a 75 percent premium to the closing price of LeapFrog's Class A Common Stock on the New York Stock Exchange on February 4, 2016, provides stockholders with the greatest value available," said Bill Chiasson, the Chairman of LeapFrog's Board of Directors.

All of LeapFrog's outstanding Class B Common Stock has been tendered in the offer.

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