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BLUE ANT MEDIA TO ACQUIRE THUNDERBIRD ENTERTAINMENT
BLUE ANT MEDIA TO ACQUIRE THUNDERBIRD ENTERTAINMENT Canada NewsWire STRATEGIC AND ...
About this update from Blue Ant Media Corporation
[{"type":"text","content":"\n\n\nBLUE ANT MEDIA TO ACQUIRE THUNDERBIRD ENTERTAINMENT\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\nSTRATEGIC AND ACCRETIVE ACQUISITION WILL EXPAND BLUE ANT'S FINANCIAL AND OPERATIONAL SCALE, ADDING COMPLEMENTARY CAPABILITIES TO DRIVE LONG-TERM VALUE\nAll amounts expressed in Canadian dollars\nEnhances earnings, cash flow and capital markets profileExpected cost synergies of $7 millionTotal consideration of approximately $89 million, payable in cash and shares representing a deemed price of $1.77 per Thunderbird share, a premium of 28% to the 45-day VWAP1 or 50% spot premium to Thunderbird shares as of November 25, 2025Voting support agreements with Thunderbird shareholders representing 37% in favour of the transactionExpands and fuels new IP opportunities, strengthening Blue Ant's overall content portfolioSupports the creation and growth of global brandsTORONTO and VANCOUVER, BC, Nov. 26, 2025 /CNW/ - Blue Ant Media Corporation (\"Blue Ant\") (TSX: BAMI), an international streamer, production studio and rights business, and Thunderbird Entertainment Group Inc. (\"Thunderbird\") (TSXV: TBRD) (OTCQX: THBRF), an award-winning, full-service multiplatform production, distribution, and rights management company, today announced that they have entered into a definitive arrangement agreement (the \"Arrangement Agreement\") under which Blue Ant will acquire all of the issued and outstanding common shares of Thunderbird (\"Thunderbird Shares\") (the \"Transaction\"). Under the terms of the Arrangement Agreement, each Thunderbird shareholder (\"Thunderbird Shareholder\") will have the option to elect to receive, for each Thunderbird Share, (i) 0.2165 Blue Ant subordinate voting shares (\"Blue Ant SVS\"), (ii) $1.77 in...