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Acorn International (ATV) Announces Receipt of Non-binding Proposal to Acquire the Company

  • August 18, 2020


StockAcorn International, Inc.SymbolATV
Date Announced08/18/2020Source Press Release
TypeUnsolicited BidAcquiring Company/Person First Ostia Port Ltd.
Date of Confirmation: 10/12/2020Price at Confirmation: $20.57
Potential Profit: 39.46%Annualized Profit: 261.86%

Acorn International, Inc. (ATV), a leading marketing and branding company in China, today announced that the board of directors of the Company has received on August 17, 2020 US time a preliminary non-binding proposal letter, dated August 17, 2020, from Mr. Robert W. Roche, Executive Chairman of the Company, to acquire all of the outstanding shares of the Company not already owned by the Buyer Vehicle

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