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News Breaks
November 19, 2012
16:23 EDTAMCNAirMedia reports Q3 adjusted EPS 7c, one estimate 1c
Reports Q3 revenue $71.37M, one estimate $70.1M.
News For AMCN From The Last 14 Days
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September 30, 2015
07:02 EDTAMCNAirMedia enters merger agreement for going private transaction
AirMedia announced that it has entered into a definitive Agreement and Plan of Merger with AirMedia Holdings and AirMedia Merger Company Limited, a wholly owned subsidiary of Parent, pursuant to which Parent will acquire AirMedia for $3.00 per ordinary share of the company or $6.00 per American depositary share, each representing two Shares. This amount represents a premium of 70.5% over the Company's closing price of US$3.52 per ADS on June 18, 2015, the last trading day prior to June 19, 2015, the date that the company announced that it had received a "going-private" proposal. Immediately after the completion of the Transaction, Parent will be ultimately beneficially owned by Herman Guo Man, Dan Shao, Qing Xu,, certain members of the management of the company and a special purpose vehicle holding shares of the Parent reserved for the vesting or exercise of future employee share incentive awards Parent intends to issue. To date, the Buyer Group beneficially owns, in the aggregate, approximately 35% of the outstanding Shares.

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