Entering text into the input field will update the search result below

Acorn International receives non-binding takeover offer

Aug. 18, 2020 6:53 AM ETAcorn International, Inc. (ATV) StockATVBy: Niloofer Shaikh, SA News Editor
  • Acorn International (NYSE:ATV) has received a preliminary non-binding proposal from Mr. Robert W. Roche, Executive Chairman of the company, to acquire all of the outstanding shares not already owned by the Buyer Vehicle at $15.22/ADS, or $0.761/share in cash.
  • As per the proposal, it is anticipated that the Buyer Vehicle or its shareholders will control ~75% of the outstanding shares of the company.
  • The proposed acquisition is expected to be funded through borrowing from third parties in the form of debt.
  • The special committee of the board will review the proposal

Recommended For You

More Trending News

Related Stocks

SymbolLast Price% Chg
ATV--
Acorn International, Inc.