Edition:
United Kingdom

Saban Capital Acquisition Corp (SCAC.OQ)

SCAC.OQ on NASDAQ Stock Exchange Capital Market

10.12USD
16 Oct 2018
Change (% chg)

-- (--)
Prev Close
$10.12
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
16,571
52-wk High
$10.20
52-wk Low
$9.84

Latest Key Developments (Source: Significant Developments)

Saban Capital Acquisition Enters Into Merger Agreement With Panavision And Sim
Friday, 14 Sep 2018 

Sept 13 (Reuters) - Saban Capital Acquisition Corp ::SABAN CAPITAL ACQUISITION CORP. ENTERS INTO A MERGER AGREEMENT WITH PANAVISION AND SIM.SABAN CAPITAL ACQUISITION-UNDER TERMS AGREEMENT, PANAVISION AND SIM WILL BECOME WHOLLY-OWNED SUBSIDIARIES OF SABAN CAPITAL ACQUISITION CORP.SABAN CAPITAL -TRANSACTION REFLECTS A VALUATION FOR COMBINED ENTITY OF $622 MILLION OR APPROXIMATELY 5.9X FISCAL YEAR 2018 ESTIMATED ADJUSTED EBITDA.SABAN CAPITAL ACQUISITION CORP - POST DEAL, KIM SNYDER CEO OF PANAVISION WILL BE CHAIRMAN AND CEO OF COMBINED CO.SABAN CAPITAL ACQUISITION -CASH COMPONENT OF PURCHASE PRICE TO BE PAID TO EQUITY HOLDERS OF PANAVISION.SABAN CAPITAL ACQUISITION CORP - BILL ROBERTS, CFO OF PANAVISION, WILL SERVE IN THAT ROLE FOR COMBINED CO.SABAN CAPITAL ACQUISITION CORP-SIM WILL BE FUNDED BY SABAN CAPITAL ACQUISITION CORP.'S CASH IN TRUST, WHICH IS APPROXIMATELY $250 MILLION.SABAN CAPITAL ACQUISITION - IMMEDIATELY FOLLOWING THE PROPOSED TRANSACTIONS, CO INTENDS TO CHANGE ITS NAME TO PANAVISION HOLDINGS INC.  Full Article

BRIEF-Saban Capital Acquisition Announced That Fred Gluckman Resigned From His Position As Executive Vice President And CFO

* SABAN CAPITAL ACQUISITION CORP - ON MAY 3, ANNOUNCED THAT FRED GLUCKMAN RESIGNED FROM HIS POSITION AS CO'S EXECUTIVE VICE PRESIDENT AND CFO

No consensus analysis data available.