Story3 Capital Partners, a private equity firm, has made an offer to acquire healthcare apparel maker FIGS, Inc. The proposed deal values the company at more than $1 billion, or $6 per share. This offer represents a 15% premium to FIGS' stock price prior to the news becoming public.
The Wall Street Journal reported on the takeover bid, highlighting the potential for a significant change in FIGS' ownership structure. Story3 Capital Partners already holds a 1% stake in FIGS' common stock, indicating a pre-existing interest in the company.
This unsolicited bid introduces a new dynamic for FIGS, as its Board of Directors will need to evaluate the offer and its implications for the company's future. The proposal could lead to a take-private transaction, altering the company's strategic direction and shareholder base.
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