MergerJun 16, 2026, 09:17 AM
Open Lending to be acquired by ANV Group for $3.15/share cash
AI Summary
Open Lending Corporation has entered into a definitive agreement to be acquired by ANV Group Holdings Ltd. for $3.15 per share in cash through a tender offer. This price represents a significant premium of approximately 78% over Open Lending's 90-day volume weighted average share price. The transaction, which has been unanimously approved by Open Lending's board of directors, is expected to close in the third quarter of 2026. Following the acquisition, Open Lending will cease to be a publicly traded company.
Key Highlights
- Open Lending to be acquired by ANV Group Holdings Ltd. for $3.15 per share in an all-cash tender offer.
- The transaction represents a premium of approximately 78% to Open Lending's 90-day volume weighted average share price as of June 15, 2026.
- All outstanding equity awards (options, RSUs, PSUs) will be accelerated and converted into cash payments.
- The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions and regulatory approvals.
- Upon completion, Open Lending will become a privately held company and will no longer be listed on Nasdaq.
Price Impact
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