InnerWorkings, Inc. and HH Global Group Limited announced that they have signed a definitive agreement to combine operations. Under the terms of the agreement, HH Global will acquire InnerWorkings for $3.00 per share in an all-cash transaction representing approximately $177 million in equity value. This represents a premium of 127% to the closing price, and a premium of 104% to the 90-day volume weighted average price as of July 15, 2020. The transaction has been unanimously approved by the Boards of Directors of both companies. “Over the past several months, we’ve been taking actions to put InnerWorkings in the best position to weather the challenging environment in which we’re operating,” said Rich Stoddart, Chief Executive Officer of InnerWorkings. “In these times of significant economic uncertainty, the Board of Directors and management determined to undertake a comprehensive process to preserve and enhance value for shareholders. After exploring a range of financing and strategic alternatives, and implementing meaningful cost saving measures in response to the COVID-19 pandemic, we’re confident this combination represents the best path forward for our shareholders and InnerWorkings. In addition to delivering an immediate cash premium to our shareholders, the combination will create a company with a stronger balance sheet and will enhance our ability to accelerate our transformation and serve our client base.”
As students return to the classroom for the new school year, Savvas Learning Company is helping educators move learning forward with engaging, easy-to-use K-12 solutions that offer data-informed instruction and adaptive technology to take personalized learning to the next level.
“A one-size-fits-all instructional approach doesn’t work in a classroom where every student brings their own unique learning style. More than ever, personalized learning is critical in getting students engaged and motivated to learn and supporting academic growth,” said Bethlam Forsa, CEO of Savvas Learning Company. “Teachers know best how to personalize learning for their students. This is why Savvas delivers learning solutions that are powered by adaptive technology, enabling educators to easily tailor instruction to address each student’s learning needs, interests, and abilities.”
Whether delivered via visually engaging textbooks or powered by the most advanced digital technology on the award-winning Savvas Realize LMS, Savvas Learning Company’s rigorous, standards-aligned resources focus on putting the student at the center of learning. It does this by leveraging adaptive learning practices and interactive technology to provide dynamic, real-world learning experiences that foster greater student engagement.
“Savvas approaches learning as more than just absorbing content and curriculum,” Forsa continued. “It is about that aha! moment when a seemingly unintelligible math problem suddenly becomes understandable. It’s about creating immersive experiences to make history come alive, or using a pop song as a hook to make a 400-year-old Shakespeare play more relevant to students. These active learning experiences are key because we know that with increased engagement comes increased learning, and with increased learning comes greater opportunities for success.”
more at: https://www.savvas.com/index.cfm?locator=PS3lNx