ITV up as Liberum suggests divesting SDN, buying STV [Seeking Alpha]
ITV PLC UNSP/ADR (ITVPY)
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Source: Seeking Alpha
ITV up as Liberum suggests divesting SDN, buying STV - ITV plc (OTCMKTS:ITVPY) | Seeking Alpha On the Move ITV up as Liberum suggests divesting SDN, buying STV Sep. 13, 2019 2:51 PM ET | ITV plc (ITVPY) Jason Aycock UK broadcaster ITV ( +4.1% The company already announced the sale of its South Bank site. Now cash from an SDN investment could go to debt reduction or strategic acquisition, and Liberum points to buying STV as an option there. (h/t Bloomberg) The rest could go to shareholders, and (for example) a £500M buyback would be 4% accretive in fiscal 2019, the firm says. Shares rose 5.1% Yesterday, the company launched a tender for up to €500M in debt See all stocks on the move » Now read: AT&T's 'Underperformance' Has Been No Great Tragedy » Subscribe
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