By Steve Moore | Wednesday 10 August 2016
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Noting a highly suspicious share price rise from sub 200p to more than 216.5p yesterday (or as the announcement puts it “the recent movement in the company's share price”), Entertainment One (ETO) has announced “that it has received a preliminary proposal with respect to a possible offer”, later confirming that this was from ITV. The proposal put to it has been “unanimously rejected” by the board and ITV has now also responded…
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