Acorn International Inc - ADR

NYSE:ATV   3:58:00 PM EDT
20.40
+0.20 (+0.99%)
Share Repurchases, Equity Investments, Mergers / Acquisitions

Acorn International Enters Into Definitive Merger Agreement For Going Private Transaction

Published: 10/12/2020 10:42 GMT
Acorn International Inc (ATV) - Acorn International Enters Into Definitive Merger Agreement for Going Private Transaction.
Acorn International Inc - Company Will Be Acquired in an All-cash Transaction by Controlling Shareholder.
Acorn International - Merger Consideration Represents an Increase of Approximately 38.0% Over Us$15.22 per Ads Offered by Controlling Shareholder.
Acorn International Inc - Controlling Shareholder Intends to Fund a Substantial Portion of Consideration for Merger in Form of Debt Funding.
Acorn International-each Share, Par Value $0.01 per Share Shall Be Cancelled in Exchange for Right to Receive $1.05 in Cash per Share Without Interest.
Acorn International - Each Ads, Other Than Adss Representing Excluded Shares, Shall Represent Right to Receive $21.00 in Cash Without Interest.