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Sequential Brands (SQBG) Tops Q2 EPS by 3c; Updates on Martha Stewart Living Omnimedia Acquisition

July 30, 2015 9:11 AM

Sequential Brands (NASDAQ: SQBG) reported Q2 EPS of $0.08, $0.03 better than the analyst estimate of $0.05. Revenue for the quarter came in at $20.2 million versus the consensus estimate of $16.85 million.

Martha Stewart Living Omnimedia Acquisition Update

At 11:59 p.m. on July 22, 2015, the 30-day "go-shop" period pursuant to the terms of the previously announced definitive merger agreement under which Sequential agreed to acquire 100% of the outstanding shares of MSLO expired. None of the parties contacted by MSLO during the "go-shop" period notified MSLO by the deadline that they would be interested in pursuing an alternative transaction under the merger agreement. The Company has caused the filing of a registration statement on Form S-4 related to the acquisition, which includes a proxy statement for the MSLO stockholder meeting. The parties to the merger agreement currently expect to complete the acquisition in 2015 following the satisfaction of customary closing conditions, including adoption of the merger agreement by MSLO's stockholders.

For earnings history and earnings-related data on Sequential Brands (SQBG) click here.

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Corporate News Earnings Mergers and Acquisitions

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