UK film studio agrees deal with private equity fund; Swedish TV executive Christian Wikander joins Pinewood Television.
Pinewood Studios has agreed a deal to go private after accepting an offer of £323m from asset management business Aermont Capital.
The iconic UK studios, home to the Bond and Carry On franchises, as well as a string of recent Us blockbusters, has said the sale will fuel ambitious expansion plans.
Under the deal, shareholders will receive 560p in cash per share, as well as a 3.2p dividend.
Commenting on the offer, Lord Grade of Yarmouth, chairman of Pinewood, said: “The Board believes that [the deal] can provide Pinewood with the platform required for future growth. The Pinewood Group has been transformed in recent years but has been somewhat constrained in realising its ambitions due to the lack of share liquidity.
“As a result of the Strategic Review instigated by the Board, Pinewood now has the prospect of a funding structure for the...
Pinewood Studios has agreed a deal to go private after accepting an offer of £323m from asset management business Aermont Capital.
The iconic UK studios, home to the Bond and Carry On franchises, as well as a string of recent Us blockbusters, has said the sale will fuel ambitious expansion plans.
Under the deal, shareholders will receive 560p in cash per share, as well as a 3.2p dividend.
Commenting on the offer, Lord Grade of Yarmouth, chairman of Pinewood, said: “The Board believes that [the deal] can provide Pinewood with the platform required for future growth. The Pinewood Group has been transformed in recent years but has been somewhat constrained in realising its ambitions due to the lack of share liquidity.
“As a result of the Strategic Review instigated by the Board, Pinewood now has the prospect of a funding structure for the...
- 8/15/2016
- ScreenDaily
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