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Nov. 01, 2018

Kramer Levin Advises Intersections Inc. in Going Private Transaction with Joint Venture Formed by iSubscribed, WndrCo and General Catalyst

On Oct. 31, 2018, Kramer Levin client Intersections Inc. (NASDAQ: INTX), an identity theft protection and privacy services company, announced that it has entered into a definitive merger agreement to be acquired in a going private transaction by WC SACD One Parent, Inc., a new joint venture formed by iSubscribed, WndrCo and General Catalyst. Under terms of the merger agreement, a subsidiary of WC SACD will commence with an all-cash tender offer to acquire all of the issued and outstanding shares of Intersections for $3.68 per share. Certain affiliates of Intersections have agreed to roll over a majority of their shares into an affiliate of the acquirer, and not to tender those shares.  The deal is expected to close during the first quarter of 2019, subject to regulatory and other conditions.

Law360 reported on the transaction.

 

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