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RLJ Entertainment (RLJE) approached by AMC Networks (AMCX)

  • February 27, 2018


StockRLJ Entertainment, Inc.SymbolRLJE
Date Announced02/26/2018Source Press release
TypeUnsolicited BidAcquiring Company/Person AMC Networks Inc.
Date of Confirmation: 07/30/2018Price at Confirmation: $6.19
Potential Profit: 46.68%Annualized Profit: 110.64%

AMC Networks Inc. (AMCX) today announced that it is proposing to acquire the outstanding shares of RLJ Entertainment, Inc. (RLJE) not currently owned by AMC Networks or entities affiliated with Robert L. Johnson for a purchase price of $4.25 per share in cash.


July 30, 2018: AMC Networks Inc. (AMCX), a Delaware corporation , and RLJ Entertainment, Inc. (RLJE), a Nevada corporation today announced that they have entered into a definitive agreement for AMC Networks to acquire RLJ Entertainment in a going-private merger.

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