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Other Pre-Announcement

Acorn International Reports Q2 Revenue Rose 3.6 Percent To $8.7 Million

Published: 09/30/2020 10:53 GMT
(ATV) - Acorn International Reports Second Quarter 2020 Financial Results.
Q2 Revenue Rose 3.6 Percent to $8.7 Million.
Special Committee of Board Has Conducted Several Meetings to Consider Buyout Proposal.
No Decisions Have Been Made With Respect to Company's Response to Proposed Acquisition.
Has Been Engaged in Discussions With Representatives of Buyer Vehicle Regarding Terms of Proposed Acquisition.
Acorn International - Currently Expected Substantially All of Capital for Proposed Acquisition Would Be Borrowed From Third Parties As Debt Funding.
Qtrly Net Income Was Us$2.0 Million Versus Us$0.1 Million in Q2 2019.