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Entertainment One rejects approach

10 August 2016 08:15

Entertainment One has rejected a preliminary approach because it fundamentally undervalues the company and its prospects.

The company noted the recent movement in its share price and confirmed it had received a preliminary proposal with respect to a possible offer valuing the company at 236 pence per share.

At 8:15am: (LON:ETO) Entertainment One Group share price was +14.8p at 232.3p

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