The transaction delivers a 28% premium to Thunderbird’s 45-day VWAP, targets $7M in cost synergies, and will expand production, distribution, and consumer products capabilities while materially enhancing Blue Ant’s earnings and cash flow profile.
The newly company, Blue Ant Media Inc., will be a content powerhouse with over C$300M in projected 2024 revenues, C$95M in financial assets, and a 125% premium valuation for Boat Rocker shareholders.