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ISS Backs Thunderbird Entertainment’s Premium Takeover Offer from Blue Ant Media

Story Highlights
  • Thunderbird received ISS backing for Blue Ant’s acquisition, offering cash or share consideration at a 50% premium.
  • Thunderbird’s board unanimously supports the deal, with a shareholder vote set for January 12, 2026 and closing targeted by month-end pending approvals.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ISS Backs Thunderbird Entertainment’s Premium Takeover Offer from Blue Ant Media

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An update from Thunderbird Entertainment Group Inc ( (TSE:TBRD) ) is now available.

Thunderbird Entertainment Group Inc. has received a favourable recommendation from influential proxy advisory firm Institutional Shareholder Services Inc. (ISS), which is urging shareholders to vote in favour of the proposed acquisition of Thunderbird by Blue Ant Media Corporation under a statutory plan of arrangement. The deal offers shareholders a choice between Blue Ant subordinate voting shares, cash consideration of $1.77 per share, or a mix of both, with the cash option representing a 50% premium to Thunderbird’s pre-announcement share price, and is backed unanimously by Thunderbird’s board following an independent strategic review. Shareholders are scheduled to vote on the transaction at a special meeting on January 12, 2026, with completion targeted by the end of January 2026, subject to shareholder, court and regulatory approvals, positioning Thunderbird to combine with Blue Ant in a transaction framed as providing both immediate value and an opportunity to participate in the future of the combined company.

The most recent analyst rating on (TSE:TBRD) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Thunderbird Entertainment Group Inc stock, see the TSE:TBRD Stock Forecast page.

Spark’s Take on TSE:TBRD Stock

According to Spark, TipRanks’ AI Analyst, TSE:TBRD is a Neutral.

Overall score reflects mixed financial performance—especially weak free cash flow trends and revenue contraction—balanced by a strong balance sheet and improving technical setup with price holding above key long-term moving averages. Valuation is moderate (P/E 18.60) without dividend support.

To see Spark’s full report on TSE:TBRD stock, click here.

More about Thunderbird Entertainment Group Inc

Thunderbird Entertainment Group Inc. is a Vancouver-headquartered, global, award-winning, full-service multiplatform production, distribution and rights management company with additional operations in Los Angeles. It creates and distributes scripted, unscripted and animated programming for leading global digital platforms, as well as Canadian and international broadcasters, focusing on animated, factual and scripted content.

Average Trading Volume: 93,357

Technical Sentiment Signal: Sell

Current Market Cap: C$65.29M

Find detailed analytics on TBRD stock on TipRanks’ Stock Analysis page.

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