eOne turns down £1bn ITV offer
Entertainment One has rejected UK broadcaster ITV’s £1 billion (US$1.3 billion) takeover bid. The offer “fundamentally undervalues the company and its prospects,” according to an eOne statement released a statement to the stock exchange. eOne said the preliminary proposal, made ahead of a hard offer, came in at 236p per share, or £1.01 billion. It […]