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An update from Thunderbird Entertainment Group Inc ( (TSE:TBRD) ) is now available.
Thunderbird Entertainment shareholders have overwhelmingly approved a plan of arrangement for the acquisition of all outstanding common shares by Blue Ant Media, with 78.84% of votes cast in favour and approximately 63% of the company’s shares represented at a special meeting. The company will now seek a final court order and remaining regulatory and stock exchange approvals, with completion expected in the coming weeks; preliminary election results show about 81% of shares opted for cash consideration (subject to proration) and 19% elected or were deemed to elect share consideration, while Thunderbird also granted 476,951 restricted stock units to certain directors and officers as part of its regular compensation program.
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, full-service multiplatform production, distribution and rights management company with a team in Los Angeles. It creates award-winning scripted, unscripted and animated content for leading global digital platforms as well as Canadian and international broadcasters, focusing on developing, producing and distributing animated, factual and scripted programming.
Average Trading Volume: 112,370
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$74.79M
For an in-depth examination of TBRD stock, go to TipRanks’ Overview page.