Leo Holdings Corp. (LHC), a Cayman Islands exempted company (“Leo”), has signed a term sheet and is working on a definitive agreement with Digital Media Solutions LLC (“DMS”). DMS is a technology enabled business capitalizing on the secular shift of advertising dollars from traditional offline channels to online digital channels by helping connect consumers and advertisers with innovative brand and marketplace solutions. DMS provides performance-based solutions to a diverse set of advertisers across a variety of end markets including but not limited to insurance, consumer finance and home services.
LONDON, July 8, 2019 /PRNewswire/ -- Leo Holdings Corp. (LHC) (the "Company") announced that it has scheduled the extraordinary general meeting of its shareholders (the "Extraordinary Meeting") to approve the proposed business combination (the "Business Combination") between the Company and Queso Holdings Inc. ("Queso"), the parent company of CEC Entertainment, Inc., for July 30, 2019. The Business Combination will result in the formation of Chuck E. Cheese Brands Inc. ("New CEC").
A high valuation and worsening industry trends may have played into the decision.
Immediately following the closing of the proposed transaction, Leo intends to change its name to Digital Media Solutions, Inc. (“New DMS”). The current DMS executive management team will continue to lead New DMS, which is expected to trade on the New York Stock Exchange.
By John Jannarone What’s virtually immune to the economy, technological change, and the Amazon effect? The need to get children out of the house every now and then. Perhaps the best way to bet on that phenomenon is investing in Chuck E. Cheese, a children’s entertainment destination and restaurant founded in 1977 whose prospects are […]
IRVING, Texas, July 1, 2019 /PRNewswire/ -- CEC Entertainment, Inc. ("CEC" or the "Company"), a nationally recognized leader in family entertainment and dining, today announced preliminary unaudited comparable venue sales results for its second quarter and year-to-date periods ended June 30, 2019.
In an interview with Real Vision, IPO Edge Editor-in-Chief John Jannarone explains why investors should consider investing in Chuck E. Cheese parent CEC Entertainment though shares of a Special Purpose Acquisition Company, or SPAC, called Leo Holdings Corp. CEC is one of the first restaurants to go public in the last few years and has […]
After nine years of growth, ballooning to 11 offices and 450 employees, Clearwater-based Digital Media Solutions wanted to go public. "We related specifically to the ability to educate investors about the business ahead of the listing," Digital Media Solutions CEO Joe Marinucci told the Tampa Bay Business Journal.
*Transaction Will Introduce Digital Media Solutions as a Publicly Listed Company to Trade on the NYSE *DMS MarTech-Enabled, Diversified Business Model Proving Resilient.
In an interview with TD Ameritrade Network, IPO Edge Editor in Chief John Jannarone explains that highflying tech IPOs such as Zoom (ticker: ZM) and Slack (ticker: WORK) offer great potential but will likely be very volatile given their steep price-to-sales multiples and slow paths to profitability. Instead, investors might consider shares of Leo Holdings […]
New York, New York--(Newsfile Corp. - May 12, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To: All Persons or Entities who purchased Leo Holdings Corp. (NYSE: LHC) ("Leo" or the "Company") stock prior to April 23, 2020.You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Leo with Digital Media Solutions Holdings, LLC ("DMS"). Under the terms of ...