Major Shareholders Propose $10.50/Share Cash Buyout for Reservoir Media, Inc.
RSVR sits 59% above its 52-week low of $6.56.
Summary
A group of major shareholders, Wesbild, Inc. and Richmond Hill Investment Co., LP, has submitted a non-binding proposal to acquire all outstanding shares of Reservoir Media, Inc. not already owned by them for $10.50 per share in cash, aiming to take the company private.
Key Events · M&A and Partnerships · RSVR
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Going Private Proposal
Wesbild, Inc. and Richmond Hill Investment Co., LP (the "Investors") propose to acquire all shares not already owned by them, aiming to take Reservoir Media, Inc. private.
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Cash Offer Price
The non-binding proposal offers a cash purchase price of $10.50 per share.
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Significant Premium
The offer represents an approximately 39% premium over the closing price on February 25, 2026, and 41% over the 90-day volume-weighted average trading price prior to that date.
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Majority Shareholder Backing
The proposing group, including Wesbild and Richmond Hill, beneficially owns approximately 65% of Reservoir Media's outstanding common stock.
Analysis · RSVR · Trade & Services
This proposal represents a significant premium over the company's stock price prior to recent acquisition interest and is not subject to a financing condition, indicating a high likelihood of completion if approved by a special committee. The proposing group already controls approximately 65% of the company's outstanding shares, which further strengthens the probability of the transaction. This development follows a competing acquisition offer from Irenic Capital Management LP, suggesting a potential bidding scenario for the company. Investors should monitor the Special Committee's review and any further updates on competing offers.
How filings like this one have moved
In the 30 days to Sep 20, 2026, 39.1% of the 338 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.42%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RSVR was trading at $10.46 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $590.4M. The 52-week trading range was $6.56 to $9.19. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.