Ziff Davis To Acquire Everyday Health For $10.50/shr - Quick Facts

(RTTNews) - Everyday Health, Inc. (EVDY) announced it has entered into a definitive merger agreement with Ziff Davis, LLC, which comprises the Digital Media Division of j2 Global, Inc. (JCOM), under which Ziff Davis will acquire Everyday Health for $10.50 per share in cash, representing an approximate enterprise value of $465 million.

Ziff Davis will commence a tender offer to acquire all of the outstanding shares of Everyday Health followed by a merger in which each remaining untendered share of Everyday Health common stock would be converted into the right to receive the same $10.50 cash per share consideration as in the tender offer. The Everyday Health Board recommended that the company's shareholders tender their shares into the offer.

Everyday Health is a provider of digital health marketing and communications solutions. The company's content and solutions are delivered through multiple channels, including desktop, mobile web, and mobile phone and tablet applications, as well as video and social media.