Shares of Soho House & Co Inc. (SHCO) surged over 55% on Thursday after the company revealed that it received a takeover offer of $9.00 share from a new third-party consortium.
SHCO is currently trading at $7.62, up $2.71 or 55.19%, on the Nasdaq. The stock opened its trading at $7.89 after closing Wednesday at $4.91. The stock has traded between $4.35 and $8.09 in the past 52-week period.
Earlier this week, the Board of Directors of Soho House received an offer from a new third-party consortium to acquire the company for $9.00 per share, representing a premium of 83% to the closing price as of Wednesday, December 18, 2024.
The offer is conditioned on certain significant shareholders, including amongst others the company's Executive Chairman, Ron Burkle, and The Yucaipa Companies and its affiliates, rolling over their equity interests in the company as part of the transaction. Ron Burkle and The Yucaipa Companies support the offer.
The Board of Directors has formed an independent Special Committee of the Board to evaluate the offer. No assurances can be given that the Special Committee's assessment will result in any change in strategy, or if a transaction is undertaken.
For comments and feedback contact: editorial@rttnews.com
Business News
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.