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News Breaks
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July 5, 2011
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| 08:37 EDT |  | ATV |
| theflyonthewall.com: | Bireme announces expiration/preliminary results of Acorn Int'l tender offer | | Bireme Ltd announced the expiration and preliminary results of its tender offer to purchase ordinary shares, par value $0.01 per share, of Acorn International, and ADSs, each representing three ordinary shares, in an aggregate amount not to exceed 20,000,000 Ordinary Shares. The offer price is $2.00 per ordinary share, which represents $6.00 per ADS, in cash, without interest. The offer expired at 5:00 p.m. ET on July 1. Based on preliminary information provided by Computershare Trust Company, N.A., who is acting as Ordinary Shares Tender Agent, and Citibank, N.A., who is acting as ADS Tender Agent, a total of approximately 28,326,339 Ordinary Shares of Acorn, including Ordinary Shares represented by approximately 9,325,576 ADSs, have been tendered and not withdrawn prior to the expiration of the tender offer. The amount of Ordinary Shares tendered and not withdrawn has exceeded the maximum tender amount of 20,000,000 Ordinary Shares. As a result, Bireme will accept for payment and purchase validly tendered shares on a pro rata basis pursuant to the Offer to Purchase. :theflyonthewall.com |
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May 23, 2012
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| 12:00 EDT |  | ATV |
| theflyonthewall.com: | Acorn International falls 10.5% | | Acorn International is down 10.5%, or 43c, to $3.68 :theflyonthewall.com |
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