Boyle Capital Opportunity Fund Rejects Takeover Offer Proposed by Graham Holdings Company

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Believes that Graham Holdings’ offer to acquire Leaf Group for $ 8.50 a share is grossly inadequate

The offer does not come close to the remuneration of the shareholders because the segments of the Leaf group are at inflection points

Believes that Leaf Group is perhaps the company best positioned to capitalize on the symbolic art market

Apparently, the Leaf Group Board of Directors led a deeply flawed and conflicting sales process.

Boyle Capital Opportunity Fund, LP, long term shareholder of Leaf Group LTD. (“Leaf” or the “Company”) (NYSE: LEAF), today issued a letter to the board rejecting the proposed $ 8.50 per share takeover bid and outlining significant growth opportunities that Leaf could capitalize on.

SEE THE FULL TEXT OF THE LETTER HERE

About Boyle Capital Opportunity Fund, LP

Boyle Capital Opportunity Fund, LP is a value-driven investment partnership. We manage a focused portfolio of heavily undervalued stocks and actively work with the management and board of directors of the company to unlock long-term shareholder value.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210406005684/en/

Contacts

Erik Ritland
Boyle Capital Opportunity Fund, LP
(515) 327-1870

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