Acorn International Inc logo

ATV - Acorn International Inc News Story

$20.89 0.1  0.4%

Last Trade - 29/01/21

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £38.1m
Enterprise Value £24.4m
Revenue £26.3m
Position in Universe th / 6713

BRIEF-Acorn International Enters Into Definitive Merger Agreement For Going Private Transaction

Mon 12th October, 2020 11:38am
Acorn International Inc  ATV.N :
    * ACORN INTERNATIONAL ENTERS INTO DEFINITIVE MERGER
AGREEMENT FOR
GOING PRIVATE TRANSACTION
    * ACORN INTERNATIONAL INC - COMPANY WILL BE ACQUIRED IN AN
ALL-CASH TRANSACTION BY CONTROLLING SHAREHOLDER
    * ACORN INTERNATIONAL - MERGER CONSIDERATION REPRESENTS AN
INCREASE OF APPROXIMATELY 38.0% OVER US$15.22 PER ADS OFFERED BY
CONTROLLING SHAREHOLDER
    * ACORN INTERNATIONAL INC - CONTROLLING SHAREHOLDER INTENDS
TO
FUND A SUBSTANTIAL PORTION OF CONSIDERATION FOR MERGER IN FORM
OF DEBT FUNDING
    * ACORN INTERNATIONAL-EACH SHARE, PAR VALUE $0.01 PER SHARE
SHALL
BE CANCELLED IN EXCHANGE FOR RIGHT TO RECEIVE $1.05 IN CASH PER
SHARE WITHOUT INTEREST
    * ACORN INTERNATIONAL - EACH ADS, OTHER THAN ADSS
REPRESENTING
EXCLUDED SHARES, SHALL REPRESENT RIGHT TO RECEIVE $21.00 IN CASH
WITHOUT INTEREST

Source text for Eikon:  ID:nPn8kyCZqa 
Further company coverage:  ATV.N
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