The Washington Post CompanyGraham Holdings Co • February 28th, 2014 • Services-educational services • New York
As you are aware, The Washington Post Company, a Delaware corporation (“Parent”), has entered into a Letter of Intent with Nash Holdings LLC, a Delaware limited liability company (the “Purchaser”) and, solely to the extent set forth in the Letter of Intent, Explore Holdings LLC, dated August 5, 2013 (the “Letter of Intent”) pursuant to which Parent will sell all of the outstanding equity interests of WP Company LLC, a Delaware limited liability company (the “Company”), and certain other subsidiaries of Parent to the Purchaser, subject to the terms and conditions set forth therein and in a definitive securities purchase agreement to be subsequently entered into (such agreement, the “Purchase Agreement”, and the contemplated transaction, the “Transaction”). The Transaction will result in the Company becoming wholly owned by the Purchaser upon the consummation of the Transaction (the “Closing”).
