Tagged: ieg holdings

January 9, 2018 @ 4:34 pm By JD Alois  |  

  LendingClub (NYSE: LC), the largest marketplace lending platform in the US, has issued a public warning regarding a solicitation by IEG holdings apparently making a tender for LendingClub stock. The LendingClub Board of Directors received a letter from IEG Holdings on January 2nd. This is… Read More

August 2, 2017 @ 3:16 pm By JD Alois  |  

This should come as no surprise. IEG Holdings (OTCQB: IEGH) has decided not to proceed with a previously announced Tender Offer for shares of marketplace lender LendingClub (NYSE:LC). Ostensible, the offer was to exchange four shares of IEG Holdings for each share of common stock in Lending… Read More

July 7, 2017 @ 4:47 pm By JD Alois  |  

Below is the copy of the letter Paul Mathieson, the CEO of IEG, sent to Scott Sanborn, CEO of LendingClub, and the LendingClub Board of Directors. In the letter, Mathieson declares his intent to commence a tender offer for up to 9.99% of LendingClub (NYSE:LC)… Read More

July 7, 2017 @ 4:22 pm By JD Alois  |  

LendingClub (NYSE: LC) has announced that on June 29, 2017, its Board of Directors received a letter from IEG Holdings Corporation (IEG) stating its intention to acquire up to 9.99% of the outstanding common stock of LendingClub on the basis of two shares of IEG common stock… Read More