Peppa Pig owner snubs takeover from ITV
[LONDON] The London-listed company behind Peppa Pig, the popular children's cartoon series, has snubbed a £1.0-billion (S$1.75 billion) bid from television broadcaster ITV, it said Wednesday.
Canada-based Entertainment One said in a statement that it had "unanimously rejected" an informal takeover approach worth 236 pence per share, arguing that it "fundamentally undervalues the company and its prospects".
The firm which is listed on the London Stock Exchange, owns the rights to television shows including Peppa Pig, and holds more than 40,000 film and television titles.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
HCA beats first-quarter profit estimates on higher patient admissions
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
EU toughens rules on Chinese fashion retailer Shein
Best World under fire from shareholders at AGM over dividends, director salaries
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue