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EROS - Eros International News Story

$2.6 0.0  0.0%

Last Trade - 3:36pm

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £292.9m
Enterprise Value £471.9m
Revenue £119.1m
Position in Universe 3193rd / 6376

BUZZ-Eros International: Soars after deal to merge with STX Entertainment

Mon 20th April, 2020 1:21pm
** Share's of Indian film production house  EROS.N  jump
47.2% to $4.49 premarket
    ** Eros said on Friday it would merge with U.S.-based
privately held media company STX Entertainment, and the combined
Eros STX Global Corp will trade on the NYSE 
    ** Robert Simonds, head of STX, to be the CEO of the
combined company and Eros CEO Kishore Lulla to be executive
co-chairman
    ** New company is expected to generate about $50 million in
operating cost savings within two years of closing the merger,
the companies said in a statement
    ** EROS down 10% this year, as of last close

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@thomsonreuters.com; within U.S. +1 646
223 8780 (Extn. 3478), outside U.S. +91  80 6182 3478;))
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