Eros International Plc Announces Review of Strategic Alternatives
June 19 2019 - 9:16AM
Business Wire
Eros International Plc (NYSE: EROS), a Global Indian
Entertainment Company, announced today that its Board of Directors
has decided to enter into a formal review process to evaluate and
explore strategic alternatives for the Company. Eros has engaged
Citigroup Global Markets Inc. as its strategic advisor and Gibson,
Dunn & Crutcher LLP as legal advisor.
There can be no assurance that this review process will result
in any transaction or that any transaction, if pursued, will be
completed. The Company has not set a timetable for the conclusion
of its review and does not currently intend to disclose further
developments with respect to this process, unless and until its
Board of Directors approves a specific transaction or otherwise
concludes the review of strategic alternatives, or has determined
that further disclosure is appropriate or required by law.
About Eros International
Plc
Eros International Plc (NYSE: EROS) a Global Indian
Entertainment company that acquires, co-produces and distributes
Indian films across all available formats such as cinema,
television and digital new media. Eros International Plc became the
first Indian media company to list on the New York Stock Exchange.
Eros International has experience of over three decades in
establishing a global platform for Indian cinema. The Company has
an extensive and growing movie library comprising of over 3,000
films, which include Hindi, Tamil, and other regional language
films for home entertainment distribution. The Company also owns
the rapidly growing OTT platform Eros Now.
For further information, please visit: www.erosplc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190619005453/en/
Mark CarbeckChief Corporate and Strategy OfficerEros
International Plc+44 207 258
9909mark.carbeck@erosintl.comMedia:Erica BartschSloane &
Company+1 212 446 1875ebartsch@sloanepr.com
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