Trillium Capital, a student-run long/short investment organization at Queen’s University, is looking to acquire stock photo company Getty Images Holding Inc. for $10 a share in cash.
The investor said it may consider permitting shareholders who own more than 80 percent of Getty shares, including the Getty family, Koch Industries and Neuberger Berman, to roll some or all of their shares into the transactions. In December 2021, Getty merged with special purpose acquisition company CC Neuberger Principal Holdings II, backed by Neuberger Berman and CC Capital.
Principals of Trillium Capital will hold their shares of common stock of the company. Trillium managing partner Scott Murray will join the board of Getty and become its chairman if the transaction is completed, according to Bloomberg News.