VTech Holdings Limited has completed its acquisition of LeapFrog Enterprises Inc. Under the terms of the previously announced transaction, VTech agreed to acquire 100 percent of the outstanding common stock of LeapFrog at $1 per share through an all cash tender offer followed by a second step merger. The tender offer commenced on March 3 and expired on April 1. Approximately 56.6 percent of all issued and outstanding shares of LeapFrog common stock were tendered into the offer and accepted for purchase by indirect wholly owned subsidiary of VTech, Bonita Merger Sub LLC.
