DCD Media is acquiring three TV producers and consolidating its sub-penny shares.
DCD is buying Prospect Pictures, which makes Saturday Cooks for ITV, September Holdings, which produces factual entertainment programmes, and documentary maker West Park Pictures. They will cost a total of £19.1m in cash and shares. Every 100 existing DCD shares will be consolidated into one new share. The cash element of the acquisitions will be financed by a share placing at a post-consolidation price of 80p.
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