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An update from Blue Ant Media ( (TSE:BAMI) ) is now available.
Blue Ant Media has completed its acquisition of Thunderbird Entertainment via a plan of arrangement, purchasing all outstanding Thunderbird shares for a mix of approximately 5.86 million Blue Ant subordinate voting shares and $40 million in cash, with shareholder elections resulting in partial proration of the cash component. The deal, framed by both companies as strategic and accretive, is expected to deliver about $7 million in synergies, expand Blue Ant’s financial and operational scale, and enhance its ability to develop and exploit intellectual property across platforms, while also reshaping governance and operations through new board and executive appointments and leading to the delisting of Thunderbird’s shares from the TSX Venture Exchange and OTCQX as it ceases to be a standalone public company.
The most recent analyst rating on (TSE:BAMI) stock is a Hold with a C$8.00 price target. To see the full list of analyst forecasts on Blue Ant Media stock, see the TSE:BAMI Stock Forecast page.
Spark’s Take on TSE:BAMI Stock
According to Spark, TipRanks’ AI Analyst, TSE:BAMI is a Neutral.
The score is held down primarily by weak financial performance (declining revenue, worsening losses, and negative operating/free cash flow) and limited valuation support (negative P/E, no dividend yield data). Technical indicators are more neutral and provide only modest offset, with mild momentum but a still-challenged longer-term trend.
To see Spark’s full report on TSE:BAMI stock, click here.
More about Blue Ant Media
Blue Ant Media Corporation is a publicly traded media and content company listed on the TSX that focuses on developing, packaging and monetizing content across multiple platforms. Thunderbird Entertainment Group is a content production company with strengths in animation, kids and young adult programming and broader intellectual property development, giving Blue Ant expanded operational scale and a broader global reach in premium entertainment content.
Average Trading Volume: 4,214
Technical Sentiment Signal: Sell
Current Market Cap: C$809.1M
For a thorough assessment of BAMI stock, go to TipRanks’ Stock Analysis page.