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0 -4.27350427351329E-05 -0.00213675213675228 0 0.00213675213675209 0.0128205128205127 0.0106837606837606 0.00662393162393156
Stock impact report

TrueCar Stockholders Approve Transaction with Fair Holdings [Yahoo! Finance]

TrueCar, Inc. (TRUE) 
Last truecar, inc. earnings: 2/20 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.true.com/investor-relations
Company Research Source: Yahoo! Finance
brands, today announced that its stockholders voted to approve the previously announced acquisition of TrueCar by Fair Holdings, Inc. ("Fair Holdings"), an entity led by TrueCar founder Scott Painter, at the Company's Special Meeting of Stockholders (the "Special Meeting"). "Approval of the transaction by stockholders is a pivotal moment for TrueCar," said Jantoon Reigersman, Chief Executive Officer of TrueCar. "This transaction is a win-win for our Company, our investors, our affinity partner network, Certified Dealers and car buyers nationwide. We are delighted to deliver a compelling premium to stockholders, and pleased that Fair Holdings intends to build on TrueCar's position as a trusted platform that adds value and transparency to the car shopping experience." Under the terms of the agreement, upon the closing of the transaction, TrueCar stockholders will receive $2.55 in cash for each share of TrueCar owned. The transaction is expected to close in January 2026, subject to s Show less Read more
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