Reuters – UK hedge fund Marwyn Value Investors is to launch a 250-million-pound ($475-million) cash bid for Canadian film business Motion Picture Distribution, the Financial Times reported on Friday.
Motion Picture Distribution is the operating company of Movie Distribution Income Fund and is 51 percent indirectly owned by Canadian broadcaster Alliance Atlantis Communications.
Without citing sources, the paper said Marwyn was to use a cash shell on London’s junior AIM market for the acquisition.
