Olshan Represents NAPW in Merger Agreement with PDN
Professional Diversity Network, Inc. (Nasdaq:IPDN) ("PDN") and NAPW, Inc., the owner of National Association of Professional Women ("NAPW"), jointly announced the execution of a definitive merger agreement under which NAPW’s sole shareholder and certain officers, including Star Jones, NAPW’s President and National Spokesperson, will receive shares of PDN common stock, cash and a performance-based note, and NAPW will become a wholly-owned subsidiary of PDN. The merger would combine two leading professional networking communities dedicated to serving diverse executives, professionals and entrepreneurs. The transaction is expected to be completed in the third quarter of this year. Olshan partners Spencer Feldman and Michael Neidell are representing NAPW in this transaction.
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