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Shed Media exec directors confirm buyout talks

Shed Media has confirmed that its executive directors have had preliminary talks with private equity firms concerning a possible buyout.
July 30, 2009

Shed Media has confirmed that its executive directors have had preliminary talks with private equity firms concerning a possible buyout.

‘The company notes the press speculation that it is holding talks with private equity houses with a view to a potential ‘de-listing’ of the company,’ said Shed Media via a press statement. ‘The company confirms that it has not received any further approaches from executive directors. However, executive directors have confirmed that they have held preliminary talks with a number of private equity houses, and continue to explore the possibility of making an offer for the company.’

Last year, a consortium that included Shed exec directors put forward a buyout approach, but it was struck down in February. One of the primary opponents to the sale was non-executive chair Katherine Innes Kerr, who left the post in March.

The content production group, which expanded into the US and most recently, Scotland, is home to four media companies: Ricochet, Twenty Twenty, Wall to Wall and Outright Distribution.

About The Author
Meagan Kashty is an associate editor of realscreen, an international print and online magazine that covers the non-fiction film and television industries. Meagan is an award-winning business journalist. Prior to joining the realscreen team, Meagan was online editor of Canadian Grocer, named Magazine of the Year at the 2015 Canadian Business Media Awards. She can be reached at mkashty@brunico.com, and you can follow her on Twitter @MegKashty

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