![]() ![]() Accordingly, the Credit Karma Board has unanimously adopted andĪpproved the Transaction and the Merger Agreement. Merger Agreement and has unanimously determined that the Transaction and the Merger Agreement are advisable, fair to and in the best interests of Credit Karma and its stockholders. The Board of Directors of Credit Karma (the Credit Karma Board) has considered the Transaction and the terms of the ![]() Intuit Common Stock is traded on the Nasdaq under the symbol INTU. On May 6, 2020, the last trading day before the date of theĪccompanying consent solicitation statement/prospectus, the last reported sale price of Intuit Common Stock on the Nasdaq was $275.87. Regular trading session trading hours, for each of the ten (10) consecutive trading days ending on and including the trading day immediately preceding the date of the Merger Agreement. Nasdaq), as such daily volume-weighted average sales price per share is reported by Bloomberg L.P., calculated to four decimal places and determined without regard to after-hours trading or any other trading outside the Of $299.7306 per share (the Intuit Stock Price), which represents the average of the daily volume-weighted average sales price per share of Intuit Common Stock on the Nasdaq Global Select Market (the The merger consideration to be paid to the securityholders of Credit Karma will consist, in the aggregate, of 50% in cash and 50% in shares of Intuit common stock (the Intuit Common Stock) at a fixed value The aggregate purchase price to be paid by Intuit will be $7.1 billion, subject to certain holdbacks and adjustments set forth in the ( Intuit) and two of Intuits wholly owned subsidiaries, pursuant to which, through a series of mergers, Credit Karma will becomeĪ wholly owned subsidiary of Intuit, among other transactions contemplated therein (collectively, the Transaction). ( Credit Karma) entered into an Agreement and Plan of Merger, dated as ofįebruary 24, 2020 (the Merger Agreement), with Intuit Inc. CONSENT SOLICITATION STATEMENT OF CREDIT KARMA, INC.Īs you may be aware, Credit Karma, Inc.
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