Redbox says merger deal with Chicken Soup approved by shareholders and may close Thursday

Dow Jones2022-08-10

MW Redbox says merger deal with Chicken Soup approved by shareholders and may close Thursday

Redbox Entertainment Inc. (RDBX) disclosed in a Wednesday morning filing that shareholders voted to approve its merger with Chicken Soup for the Soul Entertainment Inc. $(CSSE)$. The vote took place Tuesday and saw 39.5 million votes for the deal, as well as 1.3 million votes against the combination. Redbox expects that "the closing of the transactions contemplated by the merger agreement...may occur on August 11, 2022," pending the expiration or termination of the waiting period under the Hart-Scott-Rodino Act. Both companies filed NSR forms on July 11 and expect that the 30-day waiting period will expire at the end of the day on Aug. 10 "unless terminated earlier or otherwise extended." Redbox agreed in May to be acquired by Chicken Soup in a deal that would give shareholders of Redbox 0.087 shares of Chicken Soup for each Redbox share. Shares of Chicken Soup closed Tuesday at $11.35, thus implying a deal value of about 99 cents for Redbox shares. Redbox's stock, however, closed Tuesday at $3.50.

-Emily Bary

$(END)$ Dow Jones Newswires

August 10, 2022 07:14 ET (11:14 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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The vote took place Tuesday and saw 39.5 million votes for the deal, as well as 1.3 million votes against the combination. Redbox expects that \"the closing of the transactions contemplated by the merger agreement...may occur on August 11, 2022,\" pending the expiration or termination of the waiting period under the Hart-Scott-Rodino Act. Both companies filed NSR forms on July 11 and expect that the 30-day waiting period will expire at the end of the day on Aug. 10 \"unless terminated earlier or otherwise extended.\" Redbox agreed in May to be acquired by Chicken Soup in a deal that would give shareholders of Redbox 0.087 shares of Chicken Soup for each Redbox share. Shares of Chicken Soup closed Tuesday at $11.35, thus implying a deal value of about 99 cents for Redbox shares. Redbox's stock, however, closed Tuesday at $3.50. \n</p>\n<p>\n  -Emily Bary \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  August 10, 2022 07:14 ET (11:14 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Redbox says merger deal with Chicken Soup approved by shareholders and may close Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRedbox says merger deal with Chicken Soup approved by shareholders and may close Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-10 19:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MW Redbox says merger deal with Chicken Soup approved by shareholders and may close Thursday\n\n\nRedbox Entertainment Inc. (RDBX) disclosed in a Wednesday morning filing that shareholders voted to ...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4108","symbol_name":"电影和娱乐","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2258297031","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2258297031","pubTimestamp":1660130040,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"MW Redbox says merger deal with Chicken Soup approved by shareholders and may close Thursday\n\n\nRedbo","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4108":"电影和娱乐","CSSE":"心灵鸡汤娱乐","RDBX":"Redbox Entertainment Inc."},"translate_title":"Redbox表示，与鸡汤的合并交易获得股东批准，可能于周四结束","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CSSEP":1,"CSSE":0.9,"RDBX":0.9},"content_text":"MW Redbox says merger deal with Chicken Soup approved by shareholders and may close Thursday\n\n\nRedbox Entertainment Inc. (RDBX) disclosed in a Wednesday morning filing that shareholders voted to approve its merger with Chicken Soup for the Soul Entertainment Inc. $(CSSE)$. The vote took place Tuesday and saw 39.5 million votes for the deal, as well as 1.3 million votes against the combination. Redbox expects that \"the closing of the transactions contemplated by the merger agreement...may occur on August 11, 2022,\" pending the expiration or termination of the waiting period under the Hart-Scott-Rodino Act. Both companies filed NSR forms on July 11 and expect that the 30-day waiting period will expire at the end of the day on Aug. 10 \"unless terminated earlier or otherwise extended.\" Redbox agreed in May to be acquired by Chicken Soup in a deal that would give shareholders of Redbox 0.087 shares of Chicken Soup for each Redbox share. Shares of Chicken Soup closed Tuesday at $11.35, thus implying a deal value of about 99 cents for Redbox shares. 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