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Entertainment One rejects approach by ITV

10 August 2016 09:42

Entertainment One has confirmed it has rejected a preliminary approach from ITV because it fundamentally undervalued 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 9:42am: (LON:ETO) Entertainment One Group share price was +11.85p at 229.35p

Story provided by StockMarketWire.com

Related Company: ETO

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