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Latest ATV News From Around the Web
Below are the latest news stories about Acorn International Inc that investors may wish to consider to help them evaluate ATV as an investment opportunity.
Acorn International (ATV) announces ~98% of the voting rights of the shares voting in person or by proxy were voted in favor of the proposal to authorize and approve the Merger Agreement, Plan of Merger, and the transactions contemplated by the Merger Agreement, including the merger.Upon completing the merger, the...
ACORN INTERNATIONAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Acorn International, Inc. - ATV
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Acorn International, Inc. (NYSE: ATV) to First Ostia Port Ltd. Under the terms of the proposed transaction, shareholders of Acorn will receive only $1.05 in cash for each share of Acorn owned and $21.00 in cash per American Depositary Share (“ADS”) that they own. KSF is seeking to determine whether this consid
ACORN ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of ATV and Encourages Investors to Contact the Firm
NEW YORK, Oct. 12, 2020 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Acorn International, Inc. (NYSE: ATV) breached their fiduciary duties or violated the federal securities laws in connection with the company’s merger with First Ostia Port Ltd. Click here to learn more and participate in the action.On October 12, 2020, Acorn announced that it had signed an agreement to be acquired by First Ostia. Pursuant to the merger agreement, Acorn stockholders will receive $1.05 in cash for each share of Acorn common stock owned and $21 in cash per American Depositary Share (“ADS”) owned. The deal is scheduled to close in the fourth quarter of 2020.Bragar Eagel & Squire is conc...
Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), a leading marketing and branding company in China, today announced that it has entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with First Ostia Port Ltd., a Cayman Islands exempted company (the "Controlling Shareholder") and its wholly owned subsidiary Second Actium Coin Ltd., a Cayman Islands exempted company ("Merger Sub"), pursuant to which, the Merger Sub will merge with and into the Company thereby becoming a wholly-owned subsidiary of the Controlling Shareholder (the "Merger"). The Company will be acquired in an all-cash transaction by the Controlling Shareholder.
Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), a leading marketing and branding company in China, today announced that it has terminated its previously authorized 10b5-1 share repurchase program due to questions and information Acorn has received suggesting that a new take private offer for the Company may be forthcoming soon. Accordingly, the Company has determined, out of an abundance of caution, that it would be prudent to terminate the share repurchase program.
Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), a leading marketing and branding company in China, today announced that the Company adopted a repurchase plan based upon a form approved by the Company's Board of Directors in accordance with guidelines specified by Rule 10b5-1 under the Securities and Exchange Act of 1934, as amended, as well as Acorn's insider trading policy. The Company may repurchase up to US$2.5million worth of its American depositary shares ("ADSs") over the next 12 months under the repurchase plan.
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Acorn International Suspends Quarterly Dividend Policy Indefinitely; Takes Defensive Measures Given Potential for Coronavirus Outbreak to Materially Impact its E-Commerce Business
Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), announced that at its regularly scheduled meeting in February, 2020, the Company's board of directors voted to indefinitely suspend its quarterly dividend of US$0.0125 per ordinary share, or US$0.25 per ADS, due to current business impact and uncertainties concerning the potential longer-term impact of the 2019 novel coronavirus (COVID-19) outbreak on the Company's e-commerce business.