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Blue Ant Media ( (TSE:BAMI) ) just unveiled an announcement.
Blue Ant Media has moved a step closer to acquiring Thunderbird Entertainment Group after Thunderbird shareholders voted overwhelmingly to approve a plan of arrangement that will see Blue Ant acquire all issued and outstanding Thunderbird shares. With 78.84% of shareholder votes cast in favour of the transaction, Blue Ant’s chief executive Michael MacMillan said the combination is expected to add scale, generate cost synergies, strengthen earnings and cash flow, and bolster the company’s profile in capital markets, with the deal now proceeding to court approval and remaining regulatory and stock exchange clearances before an anticipated closing in the coming weeks.
The most recent analyst rating on (TSE:BAMI) stock is a Hold with a C$8.50 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 overall stock score of 54 reflects significant financial challenges, including declining revenues and profitability, which weigh heavily on the score. However, recent strategic acquisitions by Blue Ant Media provide a positive outlook, potentially enhancing the company’s scale and capabilities. Technical indicators suggest a neutral to slightly positive trend, but poor valuation metrics further limit the score.
To see Spark’s full report on TSE:BAMI stock, click here.
More about Blue Ant Media
Blue Ant Media Corporation is an international streaming, production and rights-management company that operates a broad portfolio of free streaming and pay TV channels, including Love Nature, Cottage Life, Smithsonian Channel Canada, BBC Earth Canada, HauntTV, Homeful and Love Pets, alongside the subscription streaming service MagellanTV. Its studio arm produces and distributes premium content across key genres for global streaming and broadcast platforms, with headquarters in Toronto and offices in major media hubs such as Los Angeles, New York, London, Singapore and Sydney.
Average Trading Volume: 3,526
Technical Sentiment Signal: Buy
Current Market Cap: C$804.2M
See more insights into BAMI stock on TipRanks’ Stock Analysis page.