July 7 (Reuters) - LendingClub Corp said it had received an unsolicited offer from IEG Holdings Corp to buy a 9.99 percent stake in the online lender.
IEG’s proposal offers two shares for each LendingClub share, and is at a 38 percent discount to LendingClub’s Thursday’s close.
LendingClub, one of the largest peer-to-peer lenders, runs a website where consumers apply for loans funded by individual or institutional investors.
The online lender urged its stockholders to ignore the offer, if and when made.
IEG is a short-term investor trying to make a profit at the expense of LendingClub investors, LendingClub said in a statement on Friday.
Las Vegas-based IEG offers personal loans online under the brand “Mr.Amazing Loans.” (Reporting by Rishika Sadam in Bengaluru; Editing by Shounak Dasgupta)