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Slide #58. Global Eagle Entertainment — All Remaining Shares of Advanced Inflight Alliance
Global Eagle Entertainment (ENT)
All Remaining Shares of Advanced Inflight Alliance
Global Eagle Entertainment Inc. (Nasdaq:ENT) (Global Eagle) announced today that it has completed its previously announced merger with Advanced Inflight Alliance AG (AIA). Global Eagle acquired the final 6.05% stake in AIA that it did not already own from minority shareholders for a total purchase price of EUR 11.1 million for the shares (EUR 7.63 per share). AIA has now been delisted from the Frankfurt Stock Exchange and trading in its shares has ceased.
Global Eagle Entertainment is a provider of media and satellite-based connectivity to global mobility markets across air, land and sea. Co. has two operating segments: Media & Content, which buys, produces, manages and distributes wholly-owned and licensed media content, video and music programming, advertising, applications and video games, and provides post-production services, for and to customers in the airline, maritime and other away-from-home non-theatrical markets; and Connectivity, which provides satellite-based passenger connectivity for single-aisle airliners, cruise ships, and other maritime, enterprise and government markets.
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Hold (2.00 out of 4)
(ranked lower than approx. 55% of all stocks covered)
Based on Zacks ABR data;
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