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EROS - Eros International News Story

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Consumer Cyclicals
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
    ** 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)
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