RealD Inc. Reports Second Quarter Fiscal Year 2016 Financial Results
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November 9, 2015 8:44 AM EST
RealD (NYSE: RLD) reported Q2 EPS of ($0.15), $0.06 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $38.5 million versus the consensus estimate of $37.47 million.
For earnings history and earnings-related data on RealD (RLD) click here.
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November 9, 2015 8:44 AM EST
RealD (NYSE: RLD) and Rizvi Traverse Management, LLC, a leading private equity investor in the media, entertainment and technology sectors, today announced that they have entered into a definitive agreement pursuant to which Rizvi Traverse will acquire RealD for $11.00 per share, in an all-cash merger transaction. The transaction is valued at approximately $551 million, including net debt. Upon completion of the transaction, RealD will become a privately held company. The RealD Board of Directors approved the agreement and recommends that RealD shareholders vote in favor of the transaction.
Under the terms of the agreement,... More
