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Hedge fund drops offer to acquire parent of Dice.com

February 05 2019

Hedge fund TCS Capital Management LLC has decided not to pursue a possible acquisition of DHI Group Inc. (NYSE: DHX), which operates Dice.com and other job boards.

TCS in August offered a buyout of DHI Group and threatened a proxy battle. The hedge fund in May had acquired a large stake in DHI Group.

According to a filing with the US Securities and Exchange Commission, TCS engaged in confidential discussions with management and the DHI board concerning a possible transaction to acquire the company at a price per share of at least $2.55, but has decided not to pursue a possible transaction involving the company at this time.

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