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VTech completes acquisition of LeapFrog for $1 per share

Staff writer |
VTech Holdings announced that the company has completed its acquisition of LeapFrog Enterprises, a developer of educational entertainment for children.

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Under the terms of the previously announced transaction, VTech agreed to acquire 100% of the outstanding common stock of LeapFrog at $1.00 per share through an all cash tender offer followed by a second-step merger.

The tender offer commenced on March 3, 2016 and expired at 11:59 p.m., New York City time, on April 1, 2016.

As previously announced, approximately 56.60% of all issued and outstanding shares of LeapFrog common stock were tendered into the offer and accepted for purchase by Bonita Merger Sub, an indirect wholly-owned subsidiary of VTech.

The tender offer and the merger were completed. Effective April 4, 2016, LeapFrog is an indirect wholly-owned subsidiary of VTech.


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