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ACME Communications Inc Completes Sale Of The Daily Buzz


Tuesday, 2 Apr 2013 09:21am EDT 

ACME Communications Inc announced that it has completed the sale of last operating asset, The Daily Buzz, LLC, to Mojo Brands Media, LLC (Mojo) for $1.5 million in an all-cash asset purchase transaction. In connection with the sale, the Board has approved a special cash distribution of $0.08 per share, payable on April 24, 2013 to shareholders of record as of April 16, 2013. Pursuant to the 2012 approved plan of liquidation, the distribution is being treated as a return of capital. 

Company Quote

0.041
0.0010 +2.50%
8 Sep 2014