{"id":910916,"date":"2025-11-17T12:15:20","date_gmt":"2025-11-17T17:15:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/berman-tabacco-investigates-whether-the-grindr-inc-grnd-buyout-offer-is-too-low-2\/"},"modified":"2025-11-17T12:15:20","modified_gmt":"2025-11-17T17:15:20","slug":"berman-tabacco-investigates-whether-the-grindr-inc-grnd-buyout-offer-is-too-low-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/berman-tabacco-investigates-whether-the-grindr-inc-grnd-buyout-offer-is-too-low-2\/","title":{"rendered":"Berman Tabacco Investigates Whether the Grindr Inc. (GRND) Buyout Offer is Too Low"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">BOSTON, Nov.  17, 2025  (GLOBE NEWSWIRE) &#8212; Berman Tabacco announces that it is investigating the proposal by Grindr Inc.\u2019s (\u201cGrindr\u201d or the \u201cCompany\u201d) (NYSE:GRND) controlling stockholders, George Raymond Zage, III and James Fu Bin Lu, to cash out Grindr\u2019s public stockholders and take the company private. If you are a current Grindr stockholder, you can obtain additional information by visiting\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=47HALpaNn3ogS8I8WtQO7uy0zy2YkL6OjSh0i-DjtyQNXp81Tx13E0QUfW3tlYM5DVKBmidQW1VCE67C1GJAmwdk_-MQ9OApMIchsKdadxIm8C-pwLuV_SjpC0CuRDCWr0d55DNedGBJM6xKY3xWPw==\" rel=\"nofollow\" target=\"_blank\">Grindr Inc. | Berman Tabacco<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>About the Investigation <\/strong>\n      <\/p>\n<p align=\"justify\">On October 14, 2025, Grindr disclosed that it had received a letter from stockholders Zage and Lu, expressing interest in a possible going-private transaction. Then, on October 24, 2025, Zage and Lu disclosed that they made an offer to purchase all Grindr shares held by minority stockholders for $18.00 per share. Even though the Company claims to have appointed a special committee of independent, disinterested directors to review the proposed transaction, there are questions about the independence of the special committee in light of it having already authorized stock buybacks that pushed Zage past the 50% ownership threshold. In addition, there is no indication that the transaction will be conditioned on the affirmative vote of a majority-of-the-minority stockholders.<\/p>\n<p align=\"justify\">Berman Tabacco is investigating Grindr\u2019s controlling stockholders and board of directors to determine whether they have breached their fiduciary duties to stockholders in connection with the proposed transaction.<\/p>\n<p align=\"justify\">\n        <strong>Contact<\/strong>\n      <\/p>\n<p align=\"justify\">If you would like more information concerning our investigation, please click here: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=47HALpaNn3ogS8I8WtQO7uy0zy2YkL6OjSh0i-DjtyS-GupIPPTmAIw34Zm6FJFAvHwPwCSSZgCPl6jLjixO_Ztt2ycwRK5GooMG9XCHYRAfKbLVfXlMPK2yuPqxHdej9Tk4tVB6HNmbhba_n1UScw==\" rel=\"nofollow\" target=\"_blank\">Grindr Inc. | Berman Tabacco<\/a> or contact us at 800-516-9926 or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=43hiaHMOCZQZb6fYViytIjUgxOFIzTXUROGa4eXVnIrtUpGgtyH2US78wEviON2z0E1VEl5yUfDuaFN86t_faUqHh8FbDR8kTpoeyngitCw=\" rel=\"nofollow\" target=\"_blank\">law@bermantabacco.com<\/a>. Representation is on a contingency fee basis; there is no cost to you. Stockholders are not responsible for court costs or expenses of litigation. The firm will seek court approval of any potential fees and expense award which would be deducted from any settlement or judgment.<\/p>\n<p align=\"justify\">\n        <strong>About Berman Tabacco<\/strong>\n      <\/p>\n<p align=\"justify\">Since 1982, our firm has prosecuted hundreds of securities cases on behalf of investors. The firm and its attorneys have been recognized for their work on behalf of plaintiffs, including by <em>Benchmark Litigation,<\/em> which ranked the firm as a <em>Top Plaintiffs\u2019 Firm <\/em>and as <em>Highly Recommended<\/em>. <em>Chambers USA<\/em> recognized the firm as a leading securities litigation firm in its <em>Securities Litigation\u2013Mainly Plaintiff<\/em> category. <em>The Legal 500<\/em> has also ranked the firm as <em>recommended<\/em> in securities litigation. The firm has offices in Boston, Massachusetts and San Francisco, California.<\/p>\n<p>\n        <strong>This notice may constitute attorney advertising.<\/strong>\u00a0\u00a0<\/p>\n<p>\n        <strong>Past results do not guarantee future outcomes.\u00a0<\/strong>\n      <\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=l-6DB3ACUnRroVIkO5Y0M0h-y5xAMSypw9Yu_dPoBLBqX8k48gCkQ85bD9nLgVkavV9PIF5iafQMdjKIuPSPCj--befaSjykgGYpwLSjzfH-X4LfTOkKqgyy625xH1CXlOAB0U6Q6IDU8LQwYv-odQ==\" rel=\"nofollow\" target=\"_blank\">Justin N. Saif, Esq.<\/a><br \/>\n        <br \/>Berman Tabacco<br \/>One Liberty Square<br \/>Boston, Massachusetts<br \/>(800) 516-9926<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=43hiaHMOCZQZb6fYViytIjUgxOFIzTXUROGa4eXVnIqdtmR6bLX5LsYPkO5xMr8XyOQHaQ1e7wBjJvuW40fp581rEClP-SNkyk1Cr30ghIE=\" rel=\"nofollow\" target=\"_blank\">law@bermantabacco.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU3NzE5OSM3MjY4MzkzIzIyNjQxMTY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZWUyZjEwNTEtNTZhZi00OTNiLWJjNjMtMWI2MmQ3YjU1ZWNlLTEyNzU2NjYtMjAyNS0xMS0xNy1lbg==\/tiny\/Berman-Tabacco.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BOSTON, Nov. 17, 2025 (GLOBE NEWSWIRE) &#8212; Berman Tabacco announces that it is investigating the proposal by Grindr Inc.\u2019s (\u201cGrindr\u201d or the \u201cCompany\u201d) (NYSE:GRND) controlling stockholders, George Raymond Zage, III and James Fu Bin Lu, to cash out Grindr\u2019s public stockholders and take the company private. If you are a current Grindr stockholder, you can obtain additional information by visiting\u00a0Grindr Inc. | Berman Tabacco. About the Investigation On October 14, 2025, Grindr disclosed that it had received a letter from stockholders Zage and Lu, expressing interest in a possible going-private transaction. Then, on October 24, 2025, Zage and Lu disclosed that they made an offer to purchase all Grindr shares held by minority stockholders for $18.00 per share. Even though &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/berman-tabacco-investigates-whether-the-grindr-inc-grnd-buyout-offer-is-too-low-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Berman Tabacco Investigates Whether the Grindr Inc. (GRND) Buyout Offer is Too Low&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-910916","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Berman Tabacco Investigates Whether the Grindr Inc. (GRND) Buyout Offer is Too Low - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/berman-tabacco-investigates-whether-the-grindr-inc-grnd-buyout-offer-is-too-low-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Berman Tabacco Investigates Whether the Grindr Inc. (GRND) Buyout Offer is Too Low - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BOSTON, Nov. 17, 2025 (GLOBE NEWSWIRE) &#8212; Berman Tabacco announces that it is investigating the proposal by Grindr Inc.\u2019s (\u201cGrindr\u201d or the \u201cCompany\u201d) (NYSE:GRND) controlling stockholders, George Raymond Zage, III and James Fu Bin Lu, to cash out Grindr\u2019s public stockholders and take the company private. If you are a current Grindr stockholder, you can obtain additional information by visiting\u00a0Grindr Inc. | Berman Tabacco. About the Investigation On October 14, 2025, Grindr disclosed that it had received a letter from stockholders Zage and Lu, expressing interest in a possible going-private transaction. Then, on October 24, 2025, Zage and Lu disclosed that they made an offer to purchase all Grindr shares held by minority stockholders for $18.00 per share. Even though &hellip; Continue reading &quot;Berman Tabacco Investigates Whether the Grindr Inc. (GRND) Buyout Offer is Too Low&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/berman-tabacco-investigates-whether-the-grindr-inc-grnd-buyout-offer-is-too-low-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-17T17:15:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU3NzE5OSM3MjY4MzkzIzIyNjQxMTY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/berman-tabacco-investigates-whether-the-grindr-inc-grnd-buyout-offer-is-too-low-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/berman-tabacco-investigates-whether-the-grindr-inc-grnd-buyout-offer-is-too-low-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Berman Tabacco Investigates Whether the Grindr Inc. 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