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Airmedia Group Inc (AMCN.OQ)

AMCN.OQ on NASDAQ Stock Exchange Global Select Market

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29 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Airmedia enters into amendment to merger agreement for going private transaction
Monday, 27 Jun 2016 05:00am EDT 

Airmedia Group Inc : Airmedia enters into amendment to merger agreement for going private transaction . Under terms of agreement, either co or parent could terminate merger agreement if merger is not completed by June 28, 2016 .Airmedia enters into amendment to merger agreement for going private transaction.  Full Article

AirMedia Group Inc enters into definitive merger agreement for going private transaction
Wednesday, 30 Sep 2015 07:00am EDT 

AirMedia Group Inc:Enters into definitive merger agreement for going private transaction.Entered into a definitive agreement and plan of merger with Airmedia Holdings Ltd and Airmedia merger company limited.Says buyer group intends to fund transaction from proceeds of loan to be provided by China merchants bank co.Says board approved the merger agreement.Airmedia Holdings to buy Airmedia for US$3.00 per ordinary share or US$6.00 per American depositary share, each representing two shares.Says shareholder approval is not required and the company will proceed to the closing of such transaction.  Full Article

AirMedia Group Inc receives preliminary non-binding going private proposal
Friday, 19 Jun 2015 07:11am EDT 

AirMedia Group Inc:Announces receipt of preliminary non-binding going private proposal.Buyer group beneficially owns an aggregate of about 38 pct of all of the company's issued and outstanding ordinary shares.Formed special committee comprised of three independent directors, Conor Chia-hung Yang, Shichong Shan And Songzuo Xiang.Got proposal to acquire Airmedia shares not already owned by buyer group for $6.00 in cash per American depositary share.Says special committee plans to retain legal and financial advisors to assist it in evaluating the transaction.Buyer group intends to fund the consideration payable in the transaction with a combination of debt and/or equity capital.Received non-binding proposal letter from chairman, CEO, on behalf of himself and management proposing a going-private transaction.  Full Article

AirMedia Group Inc to sell 75 pct equity interest of its advertising business for 2.1 bln Yuan
Monday, 15 Jun 2015 06:00am EDT 

AirMedia Group Inc:Reaches definitive agreement to sell 75% equity interest of its advertising business for 2.1 bln Yuan.Says deal valued at 2.1 bln Yuan.Consideration payment will be made in 2 installments; first installment of 800 mln Yuan.Says Airmedia agrees to restructure am advertising for the transaction.Says to complete the transaction, the company needs to remove the vie structure of am advertising.Airmedia will hold an extraordinary general meeting to approve transaction and removal of vie structure of am advertising.After removal of vie structure of am advertising, a unit of co in China, will buy remaining 25% equity interest of am advertising.Says agreement contains an earnout structure.Says after removal of vie structure, Shenzhen Airmedia information a wholly owned unit in China, will buy 25% stake of am advertising.After execution of agreement, neither party shall arbitrarily terminate deal, or else to pay damages of RMB400 million to counterparty.First installment of 800 mln Yuan to be received within 15 working days after the executions of the agreement and the fulfillment.  Full Article

AirMedia Group Inc gives Q2 2015 revenue guidance
Monday, 18 May 2015 05:00pm EDT 

AirMedia Group Inc:Expects net revenues for Q2 2015 to range from $57.0 million to $61.0 million.  Full Article

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