Horizon Global Announces Merger Agreement With First Brands Group; Transaction To Include All-Cash Tender Offer, Which Will Entitle Each Horizon Common Stock Shareholder To Receive Cash Consideration Of $1.75/Share

Author: Bill Haddad | January 03, 2023 07:33am

Horizon Global Corporation (NYSE:HZN) ("Horizon Global"), one of the world's leading manufacturers of branded towing and trailering equipment, today announced it has entered into a definitive merger agreement with First Brands Group, LLC ("First Brands"), a global automotive parts manufacturer that serves the worldwide automotive aftermarket, pursuant to which First Brands will acquire Horizon Global (the "Transaction"). The terms of the Transaction include an all-cash tender offer, which upon successful closing will entitle each stockholder of Horizon Global's common stock to receive cash consideration of $1.75 per share.

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