Travel & Entertainment M&A » By The Online Investor Staff, updated Fri., Jun. 9, 7:09 AM
Recent mergers and acquisitions in the Travel & Entertainment M&A category.
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Slide #38. Ballantyne Strong, Inc. — Convergent Media Systems
Acquirer:
Ballantyne Strong, Inc. (BTN)
Acquiree:
Convergent Media Systems
Details:
Ballantyne Strong, Inc. (NYSE MKT:BTN), a provider of digital equipment, screens and managed services as well as specialty lighting equipment, today announced the acquisition of Convergent Corporation and its wholly owned subsidiary, Convergent Media Systems, a leading player in digital signage and content creation and distribution systems. Convergent Corporation was a subsidiary of Sony Electronics Inc.
Ballantyne Strong is a holding company with business operations in the entertainment industry and holdings in public and privately held companies. Co. conducts its operations primarily through its Strong Entertainment operating segment. Co.'s Strong Entertainment business segment manufactures and distributes projection screens and provides technical support services and other related products and services to the cinema exhibition industry, theme parks, schools, museums and other entertainment-related markets. Co. also distributes and supports third party products, including digital projectors, servers, library management systems, menu boards and sound systems.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 22nd percentile
(ranked lower than approx. 78% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
