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Headline, Industry News
Movie Distribution Income Fund responds to media reports
Wednesday August 16th 2006TORONTO, Aug. 15 /CNW/ – Movie Distribution Income Fund (the "Fund") today announced that it has received the non-binding proposal described in a press release issued by Marwyn Investment Management LLP ("Marwyn") on Friday, August 11, 2006.
As set out in its press release, Marwyn announced its intention to work with each of Alliance Atlantis Communications Inc. ("AACI") and the Fund in relation to a potential offer by Marwyn to acquire Motion Picture Distribution LP ("MPD"); an entity indirectly owned as to 51% by AACI and as to 49% by the Fund.
Earlier today AACI announced that it expects to complete its previously disclosed strategic review of its holding in MPD by no later than the end of September, 2006.
AACI has previously stated that it is not predisposed to selling pending the completion of this review. AACI also stated that if it determines upon completion of its review that it may wish to sell its holding in MPD on acceptable terms, it will announce its intention and take appropriate steps at that time.
Headline, Industry News
Movie Distribution Income Fund responds to media reports
Wednesday August 16th 2006TORONTO, Aug. 15 /CNW/ – Movie Distribution Income Fund (the "Fund") today announced that it has received the non-binding proposal described in a press release issued by Marwyn Investment Management LLP ("Marwyn") on Friday, August 11, 2006.
As set out in its press release, Marwyn announced its intention to work with each of Alliance Atlantis Communications Inc. ("AACI") and the Fund in relation to a potential offer by Marwyn to acquire Motion Picture Distribution LP ("MPD"); an entity indirectly owned as to 51% by AACI and as to 49% by the Fund.
Earlier today AACI announced that it expects to complete its previously disclosed strategic review of its holding in MPD by no later than the end of September, 2006.
AACI has previously stated that it is not predisposed to selling pending the completion of this review. AACI also stated that if it determines upon completion of its review that it may wish to sell its holding in MPD on acceptable terms, it will announce its intention and take appropriate steps at that time.
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Headline, Industry News
Movie Distribution Income Fund responds to media reports
Wednesday August 16th 2006TORONTO, Aug. 15 /CNW/ – Movie Distribution Income Fund (the "Fund") today announced that it has received the non-binding proposal described in a press release issued by Marwyn Investment Management LLP ("Marwyn") on Friday, August 11, 2006.
As set out in its press release, Marwyn announced its intention to work with each of Alliance Atlantis Communications Inc. ("AACI") and the Fund in relation to a potential offer by Marwyn to acquire Motion Picture Distribution LP ("MPD"); an entity indirectly owned as to 51% by AACI and as to 49% by the Fund.
Earlier today AACI announced that it expects to complete its previously disclosed strategic review of its holding in MPD by no later than the end of September, 2006.
AACI has previously stated that it is not predisposed to selling pending the completion of this review. AACI also stated that if it determines upon completion of its review that it may wish to sell its holding in MPD on acceptable terms, it will announce its intention and take appropriate steps at that time.
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