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Shares in Thames Television were suspended yesterday, following revelations that the Pearson Group is interested in taking over the production company (Newsline 30/3).
As well as announcing the proposed takeover, Thames is now expected to reveal that it is making a write-down on the value of its US subsidiary, Reeves Entertainment, clearing the way for future financial arrangements.
Before yesterday’s suspension, Thames shares had risen from 189p to 221p, with the final price valuing the company at £109.6m.