Soho House Spikes After Receiving Premium Buyout Offer (2)

Soho House & Co. shares soared after the global membership platform said it received an offer to buy the company at a premium to its current market value.

A new third-party consortium has offered to buy the company for $9 per share, a premium of 83% from where the stock closed Wednesday, Soho House announced. Shares skyrocketed 47% to close at $7.22, a record jump to their highest level in nearly a year.

The offer is supported by Soho House Executive Chair and controlling shareholder Ron Burkle and The Yucaipa Companies, the private equity investment firm he helms. ...