Brief: Investors Led By Ted Farnsworth Submit Offer For Moviepass Inc.

Helios and Matheson Analytics

17/09/2019 11:17

Sept 17 (Reuters) - Ted Farnsworth:
    * INVESTORS LED BY TED FARNSWORTH SUBMIT OFFER FOR MOVIEPASS
INC.
    * TED FARNSWORTH - TERMS OF OFFER WERE NOT DISCLOSED.
    * TED FARNSWORTH - STEPPED DOWN FROM HIS ROLES AS CHAIRMAN
AND
CHIEF EXECUTIVE OF HELIOS AND MATHESON
    * TED FARNSWORTH SAYS PENDING ACCEPTANCE OF HIS BID HE HOPES
TO
CLOSE ON TRANSACTION AS SOON AS POSSIBLE
    * TED FARNSWORTH SAYS SUBMITS OFFER TO ACQUIRE ALL ASSETS
INCLUDING MOVIEPASS INC., MOVIEPASS FILMS, MOVIEPASS VENTURES,
AND MOVIEFONE.
    * TED FARNSWORTH - STEPPED DOWN FROM BOARD OF HELIOS AND
MATHESON,
RECUSING HIMSELF FROM CONSIDERATION OF OFFERS

Source text for Eikon:  ID:nPn6NzPKQa 

 ((Reuters.Briefs@thomsonreuters.com;))