News blog
First Artist Corporation
- BY: Andrew Hore |
- POSTED: 07/07/2008 |
First Artist Corporation has ended talks with potential buyers of Dewynters.
The media, artist representation and events business received two approaches for the theatre marketing business but it rejected both of them. First Artist believes the business has the potential to expand in the live events market.
Events management subsidiary The Finishing Touch has completed its earn-out period and exceeded its targets. The final payment is £716,000 in loan notes plus nearly 138,000 shares value at an average mid-market price of 74.15p – equivalent to just over £100,000.
The shares increased 1p to 54.5p, valuing First Artist at £7.49m.
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