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KORE Announces Agreement to be Acquired by Searchlight Capital Partners and Abry Partners
KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and leading provider of IoT Connectivity, Solutions and Analytics, Searchlight Capital Partners, L.P. and Abry Partners, each a leading global private investment firm, today announced that they have entered into a definitive agreement and plan of merger (the "Agreement") under which Searchlight and Abry will acquire all of the shares of KORE's issued and outstanding commo
About this update from Kore Group Holdings, Inc.
[{"type":"text","content":"KORE shareholders to receive $9.25 per share in cash, representing approximately 700% premium to the unaffected price","length":117,"tagName":"p","attribs":{}},{"type":"text","content":"ATLANTA and NEW YORK, Feb. 27, 2026 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and leading provider of IoT Connectivity, Solutions and Analytics, Searchlight Capital Partners, L.P. and Abry Partners, each a leading global private investment firm, today announced that they have entered into a definitive agreement and plan of merger (the "Agreement") under which Searchlight and Abry will acquire all of the shares of KORE's issued and outstanding common stock that are not currently owned by them in an all-cash transaction valued at approximately $726 million.","length":710,"tagName":"p"},{"type":"image","alt":"KORE is now trading on the NYSE under ticker symbol KORE (PRNewsfoto/KORE Wireless)","displaySize":"","headline":null,"caption":"KORE is now trading on the NYSE under ticker symbol KORE (PRNewsfoto/KORE Wireless)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":127,"url":"https://media.zenfs.com/en/prnewswire.com/1ba620b91801198fe1879e2b68af774a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/07bcKpsAq2pGjHT4.zzshg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIyNDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/1ba620b91801198fe1879e2b68af774a","width":400,"height":127}},"href":"https://mma.prnewswire.com/media/1571455/KORE_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The purchase price represents a 691% premium to the closing price of the Company's common stock as of December 18, 2024, the last trading day prior to Searchlight amending its Schedule 13D with the Securities and Exchange Commission to indicate that Searchlight may seek to further invest in or evaluate a full acquisition of KORE, and a 132% premium to the closing price of the Company's common stock as of November 3, 2025, the last trading day prior to Searchlight and Abry submitting a letter to the Company indicating an interest in acquiring the Company for $5.00 per share.","length":588,"tagName":"p"},{"type":"text","content":"The members of the KORE Board of ...