Why Is Inspirato Stock Gaining Today? - Inspirato (NASDAQ:ISPO)
Exclusive Investments will pay $59 million in cash, a 50% premium, to buy Inspirato and take it private, combining luxury travel memberships under one owner.
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Why Is Inspirato Stock Gaining Today? - Inspirato (NASDAQ:ISPO)
Inspirato Incorporated (NASDAQ:ISPO) shares rose Wednesday after the company agreed to a buyout deal. The luxury vacation club and property technology company agreed to be acquired and go private by Exclusive Investments LLC. It is the parent of Exclusive Resorts. The all-cash deal values the business at roughly $59 million. Under the deal, Exclusive Investments will pay $4.27 for each Inspirato share in cash, a roughly 50% premium over the stoc…
Exclusive Resorts to take Inspirato private in $59M deal
Inspirato’s headquarters at 1544 Wazee St. in downtown Denver. (Max Scheinblum/BusinessDen) After a roller coaster of a trip, Exclusive Resorts is slated to buy Inspirato. The privately held Exclusive will pay $4.27 a share for the publicly traded Inspirato, which equates to a price tag of $59 million, the luxury travel companies announced Wednesday. The deal, which will take Inspirato off the Nasdaq, is expected to close early next year. “There…
Exclusive Resorts Wins Fight for Inspirato in $59 Million Deal
Skift Take: There was too much logic to keep this Exclusive Resorts-Inspirato merger from taking place. And there was too much illogic in Inspirato's abandoned combination with car marketplace Buyerlink. Read the Complete Story On Skift
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