Brief: Corus Entertainment Reaches Agreement To Sell Toon Boom Animation

Corus Entertainment

13/07/2023 13:53

July 13 (Reuters) - Corus Entertainment Inc  CJRb.TO :
    * CORUS ENTERTAINMENT REACHES AGREEMENT TO SELL TOON BOOM
ANIMATION
    * CORUS ENTERTAINMENT INC - PROPOSED DEAL FOR FOR
APPROXIMATELY
$147.5 MILLION CAD IN CASH
    * CORUS ENTERTAINMENT INC - PROPOSED DEAL FOR $147.5 MILLION
CAD
IN CASH
    * CORUS ENTERTAINMENT INC - DEAL EXPECTED TO GENERATE NET
PROCEEDS
TO CORUS OF APPROXIMATELY $142 MILLION CAD
    * CORUS ENTERTAINMENT INC SAYS ITS UNIT, NELVANA HAS ENTERED
INTO
DEFINITIVE AGREEMENT UNDER WHICH IMC WILL ACQUIRE NELVANA'S
UNIT, TOON BOOM

Source text for Eikon:  ID:nCNW38dhBa 
Further company coverage:  CJRb.TO