Credit Suisse Downgrades Everyday Health (EVDY) to Neutral Following Takeover
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Everyday Health Enters into Agreement to Be Acquired by j2 Global, Inc.'s Ziff Davis for $10.50 per Share in Cash
October 21, 2016 9:00 AM EDTNEW YORK, Oct. 21, 2016 /PRNewswire/ -- Everyday Health, Inc. (NYSE: EVDY), a leading provider of digital health marketing and communications solutions, today announced that it has entered into a definitive merger agreement with Ziff Davis, LLC, a leading digital media company in the technology, gaming and lifestyle categories, which comprises the Digital Media Division of j2 Global, Inc. (NASDAQGS: JCOM). Under the terms of the agreement, Ziff Davis will acquire Everyday Health for $10.50 per share in cash, representing an approximate enterprise value of $465 million. The transaction represents... More
