Today we are going to look at Acorn International, Inc. (NYSE:ATV) to see whether it might be an attractive investment...
SHANGHAI, Nov. 5, 2019 /PRNewswire/ -- Acorn International, Inc. (ATV) ("Acorn" or the "Company"), a leading marketing and branding company in China, today announced that the board of directors of the Company (the "Board") has received on November 4, 2019 US time a preliminary non-binding proposal letter, dated November 4, 2019 (the "Proposal"), from Mr. Robert W. Roche, Executive Chairman of the Company, to acquire all of the outstanding shares of the Company not already owned by the Buyer Vehicle (as defined below) at US$19.50 per American Depositary Share (the "ADS," each ADS representing twenty ordinary shares) or US$0.975 per ordinary share in cash, subject to certain conditions. According to the Proposal, it is anticipated that the Buyer Vehicle or its shareholders will control approximately 75% of the outstanding shares of ordinary shares of the Company.
Net Revenues Increased 38.6% Year-Over-Year to US$8.7 Million SHANGHAI , Sept. 16, 2019 /PRNewswire/ -- Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), a leading marketing ...
Q2 2019 Acorn International Inc Earnings Call
Acorn International Inc. , the Shanghai-based direct-marketing and branding company, said it will suspend its dividend of 25 cents per U.S.-listed share indefinitely because of the business impact of the coronavirus outbreak. The company said the actions taken to curtail the spread of COVID-19 has limited the transportation of people and goods, which will have a "material impact" on Acorn's business this year. While the company said that its online business has increased given its customers' preference to shop from home, but the company is concerned that the supply disruptions could lead to delivery challenges. "There has been disruption to our production capacity and our ability to deliver to customers in parts of China. There is also uncertainty about whether our ability to import raw material for our Acorn Fresh business will be affected materially," said Chief Executive Jacob Fisch. "Finally, while we are adapting to work-from-home and flexible working arrangements, we have historically operated within a traditional office environment in Shanghai." The stock, which is still inactive in premarket trading, has tumbled 28.4% over the past three months while the S&P 500 has slipped 5.1%.
A look at the shareholders of Acorn International, Inc. (NYSE:ATV) can tell us which group is most powerful. Generally...
Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), announced that at its regularly scheduled meeting in February, 2020, the Company's board of directors voted to indefinitely suspend its quarterly dividend of US$0.0125 per ordinary share, or US$0.25 per ADS, due to current business impact and uncertainties concerning the potential longer-term impact of the 2019 novel coronavirus (COVID-19) outbreak on the Company's e-commerce business.
Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), a leading marketing and branding company in China, today announced that the Company adopted a repurchase plan based upon a form approved by the Company's Board of Directors in accordance with guidelines specified by Rule 10b5-1 under the Securities and Exchange Act of 1934, as amended, as well as Acorn's insider trading policy. The Company may repurchase up to US$2.5million worth of its American depositary shares ("ADSs") over the next 12 months under the repurchase plan.
Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), a leading marketing and branding company in China, today announced its preliminary unaudited financial results for the quarter and nine months ended September 30, 2019.
SHANGHAI, July 11, 2019 /PRNewswire/ -- Acorn International, Inc. (ATV) ("Acorn" or the "Company"), a leading marketing and branding company in China, today announced that Acorn Digital Services has signed Chef Works to the lineup of brands that it represents in China. Chef Works is a global leader in culinary and hospitality apparel, serving some of the world's top hotel brands, restaurants and culinary academies.
SHANGHAI , Nov. 22, 2019 /PRNewswire/ -- Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company") today announced the resolutions that were adopted at its annual general meeting ...
Acorn Digital Services, a division of Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), today announced that its client, NikkieTutorials, has come out as transgender. Acorn Digital Services represents NikkieTutorials in China.
Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Dan Howley discuss the top selling video games amid the coronavirus outbreak.
Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), today announced that on February 14, 2020, Mr. Robert W. Roche delivered a letter (the "February 2020 Letter") to the special committee of the board of directors of the Company (the "Special Committee") informing the Special Committee that in light of the uncertainties regarding the impact that the 2019 novel coronavirus outbreak will have on the economy, at this time he and the shareholders of the buyer vehicle are not prepared to pursue the acquisition of the Company (the "Acquisition") at a purchase price of $0.975 per ordinary share or $19.50 per American Depositary Share as set out in his preliminary non-binding proposal letter dated November 4, 2019. Mr. Roche also stated in the February 2020 Letter that he and the shareholders of the buyer vehicle remain interested in continuing negotiations with the Special Committee regarding the Acquisition. No additional terms or proposals have been discussed at this time and there can be no assurance that negotiations will continue or that a revised offer will be made, that any agreement related to the Acquisition will be reached, or that the Acquisition or any other similar transaction will be consummated.
SHANGHAI, Sept. 10, 2019 /PRNewswire/ -- Acorn International, Inc. (ATV) ("Acorn" or the "Company") today announced that on August 28, 2019, its board of directors declared a cash dividend for the second quarter of 2019 of US$0.0125 per ordinary share, or approximately US$0.25 per American depositary share ("ADS"), each of which represents twenty ordinary shares. Record holders of the Company's ordinary shares at the close of business US Eastern Time on September 20, 2019 (the "Record Date") will be entitled to receive the cash dividend for the second quarter of 2019. The Company expects Citibank N.A., the depositary bank for Acorn's ADS program, to distribute dividends to ADS holders as of the Record Date on or about September 27, 2019.
Stocks have high financial strength and trading below Peter Lynch earnings Continue reading...
SHANGHAI, June 25, 2019 /PRNewswire/ -- Acorn International, Inc. (ATV) ("Acorn" or the "Company"), a leading marketing and branding company in China, today announced that it has consolidated under Acorn Digital Services the following business units: Acorn Entertainment ("AE") and Acorn Streaming, which are Acorn's social media management business and digital content business, respectively, as well as A-KOL (standing for "Acorn Key Opinion Leader), which facilitates the development of local China influencers with the objective to optimize their ability to convert Acorn's content into product sales.
Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), a leading marketing and branding company in China, today announced its preliminary unaudited financial results for the fourth quarter and year ended December 31, 2019.
Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), a leading marketing and branding company in China, today announced its preliminary unaudited financial results for the quarter ended March 31, 2020.
SHANGHAI , Nov. 12, 2019 /PRNewswire/ -- Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), a leading marketing and branding company in China , today announced that on ...