Advertisement
UK markets open in 2 hours 14 minutes
  • NIKKEI 225

    38,333.41
    +781.25 (+2.08%)
     
  • HANG SENG

    17,110.21
    +281.28 (+1.67%)
     
  • CRUDE OIL

    83.45
    +0.09 (+0.11%)
     
  • GOLD FUTURES

    2,341.40
    -0.70 (-0.03%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • Bitcoin GBP

    53,621.18
    +270.89 (+0.51%)
     
  • CMC Crypto 200

    1,437.78
    +23.02 (+1.63%)
     
  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     
  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     

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)