Activist Livermore calls for strategic change at Entertainment One
TORONTO, Jan 20 (Reuters) - U.S (Other OTC: UBGXF - news) . activist hedge fund Livermore Partners is calling on Canadian and UK media company Entertainment One (Other OTC: ENTMF - news) to slow down its pace of dealmaking and improve its cash flow, the fund's top executive said.
Livermore could also push Entertainment One into a sale of the entire company if the fund does not see a reversal in strategy within the next 12 months, Livermore Managing Director David Neuhauser said. (Reporting by John Tilak and Matt Scuffham)