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Stock Market & Financial Investment News

News Breaks
July 24, 2014
06:14 EDTTSQTownsquare Media 8.3M share IPO priced at $11.00
The deal priced below the $14.00-$16.00 range. BofA/Merrill, Jefferies and RBC Capital acted as joint book running managers for the offering.
News For TSQ From The Last 14 Days
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August 17, 2015
07:01 EDTTSQTownsquare Media to acquire North American Midway Entertainment for $75.5M
Townsquare Media has entered into a definitive purchase agreement to acquire North American Midway Entertainment, a provider of rides, games and food concessions in North America, for approximately $75.5M, subject to certain working capital and other adjustments. In connection with the acquisition, NAME's management team will join Townsquare and will continue to lead the business as a part of Townsquare's Live Events division. The company expects this acquisition will be accretive to 2015 pro forma EPS. Under the terms of the definitive agreement, Townsquare will acquire all of the issued and outstanding membership interests of NAME from the shareholders of the Heartland Group LLC for total consideration of $75.5M, $5.5M of which will be comprised of Townsquare Class A common stock. Townsquare expects to finance the remaining consideration through a combination of secured debt financing and cash on hand. The acquisition has been approved by the Boards of Directors of both companies, and is expected to close in the third quarter.

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