The broadcasting and media firm, founded by Michael MacMillan, the former CEO of Alliance Atlantis, will sell its shares to another Toronto media company, Boat Rocker Media, at a ratio of 1.25 Boat Rocker shares per Blue Ant share. As part of the reverse takeover deal, Blue Ant will assume control of three production companies and begin trading on the Toronto Stock Exchange. (The Logic)
Skip to content
The broadcasting and media firm, founded by Michael MacMillan, the former CEO of Alliance Atlantis, will sell its shares to another Toronto media company, Boat Rocker Media, at a ratio of 1.25 Boat Rocker shares per Blue Ant share. As part of the reverse takeover deal, Blue Ant will assume control of three production companies and begin trading on the Toronto Stock Exchange. (The Logic)
Talking point: Blue Ant shareholders are expected to own 73.5 per cent of the new company, while Boat Rocker shareholders will own the remaining 26.5 per cent. Blue Ant, which owns and operates TV channels and streaming platforms including NatureTime and Love Pets, will acquire Boat Rocker’s scripted, unscripted and family-oriented production studios, as well as a rights and branding division. At $2.25 per Blue Ant share, the transaction represents a 125 per cent premium to Boat Rocker’s closing share price on March 21. Privately held Blue Ant generated $196 million in revenue during the latest fiscal year ended Aug. 31, 2024, according to the company.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
For decades, lawyers hustled to make partner. AI is changing that
Briefing
Clearco taps Macquarie for US$100M in financing to back its rebound
Canadian foodtech startups rely on foreign investors to fuel growth
Alberta regulator rejects Olds power plant for data centre
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
