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

  • February 27, 2018

POTENTIAL DEAL DETAILS

Stock RLJ Entertainment, Inc. Symbol RLJE
Date Announced 02/26/2018 Source Press release
Type Unsolicited Bid Acquiring Company/Person AMC Networks Inc.
Date of Confirmation: 07/30/2018 Price 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.

Update(s):

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.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.