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New Deal


Announced

The Kimmel Center to merge with The Philadelphia Orchestra.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

education services

Recreational Services

Private

music

United States

Domestic

Merger

Majority

Single Bidder

Friendly

Synopsis

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The Kimmel Center, a nonprofit performing arts organization, is set to merge with The Philadelphia Orchestra, an independent non-profit foundation. Financial terms were not disclosed. The Philadelphia Orchestra and Kimmel Center will provide vast opportunities for world- class, wide-ranging performances by a diverse and inclusive roster of artists and companies in an atmosphere where all feel welcome. Furthermore, this innovative structure will strengthen business operations and enable more flexible scheduling and collaborative partnerships across the Philadelphia performing arts community.

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