workfag rn but check out how many satellites they put up….lots of tech, too
was reading up on it earlier today. sorry no sauce but a ddg of hillary india brought up a website "thomas" something at wordpress…
financial mapping
RIZVI TRAVERSE MANAGEMENT COMPLETES MERGER WITH REALID INC.
March 22, 2016 05:11 PM Eastern Daylight Time
LOS ANGELES–(BUSINESS WIRE)–Global visual technology company RealD Inc. (“RealD” or the “Company”) (NYSE: RLD) today announced that Michael V. Lewis, founder of RealD, and an affiliate of Rizvi Traverse Management, LLC (“Rizvi Traverse”) have completed the previously announced acquisition of the Company. In connection with the merger agreement, Mr. Lewis has reinvested his equity stake and will continue to serve in the role of Chief Executive Officer.
On February 24, 2016, RealD stockholders approved the merger agreement at a special meeting of stockholders. Pursuant to the definitive merger agreement among RealD and an affiliate of Rizvi Traverse, dated as of November 8, 2015, RealD stockholders will receive $11.00 per share in cash, without interest and less any applicable withholding taxes, for each share of common stock they owned immediately prior to the effective time of the merger. RealD common stock will cease trading on The New York Stock Exchange at the close of market today and will be delisted.
Stockholders of record will receive a letter of transmittal and instructions on how to surrender their shares of RealD common stock in exchange for the merger consideration. Stockholders of record should wait to receive the letter of transmittal before surrendering their shares.
Moelis & Company LLC acted as sole financial advisor and Wachtell, Lipton, Rosen & Katz and Cooley LLP acted as legal advisors to RealD’s Board of Directors. Latham & Watkins LLP acted as sole legal advisor to Rizvi Traverse. Freshfields Bruckhaus Deringer US LLP acted as sole legal advisor to Mr. Lewis.
About RealD Inc.
RealD is a leading global licensor of 3D and other visual technologies. RealD is the world’s most widely used 3D technology and our extensive intellectual property portfolio is used in applications and products that enable a premium viewing experience in the theater, the home and elsewhere.
RealD was founded in 2003 and has offices in Beverly Hills; Boulder; London; Moscow; Shanghai; Hong Kong; and Tokyo. For more information, please visit our website at www.reald.com.
About Rizvi Traverse Management, LLC
Rizvi Traverse Management, LLC is a leading private equity investment firm that primarily invests in the media, entertainment and technology sectors. Past investments include ICM, Summit Entertainment, SESAC, Playboy, Twitter, SpaceX, Square and Snapchat. For more information visit www.rizvitraverse.com.
Forward-looking Statements
Statements about the expected timing, completion and effects of the proposed merger and all other statements in this document, other than historical facts, constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date hereof and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. The Company may not be able to complete the proposed merger on the terms described above or other acceptable terms or at all because of a number of factors, including the failure to satisfy the proposed merger’s closing conditions. Factors that may affect the business or financial results of the Company are described in the risk factors included in the Company’s filings with the Securities and Exchange Commission, including the Company’s 2015 Annual Report on Form 10-K and later filed quarterly reports on Form 10-Q and Current Reports on Form 8-K, which factors are incorporated herein by reference. The Company expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences
https:// www.businesswire.com/news/home/20160322006574/en/Rizvi-Traverse-Management-Completes-Merger-RealD