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home / news releases / BTN - Ballantyne Strong gains after approval of IPO plans for Strong Entertainment business segment

BTN - Ballantyne Strong gains after approval of IPO plans for Strong Entertainment business segment

Ballantyne Strong Inc.
Ballantyne Strong (NYSE:BTN) is trading higher pre-market after its Board of Directors has approved (IPO) plans of its Strong Entertainment business segment. The proposed offering of Ballantyne Strong’s wholly-owned subsidiary, Strong Entertainment, is expected to occur in 2021. Terms of the offering have not yet been determined. A registration statement relating to the offering may be filed soon. Ballantyne Strong plans to remain the majority stockholder of the subsidiary post-offering. For financial reporting purposes, Ballantyne Strong will continue to consolidate Strong Entertainment in its financial results. Shares trading 11.05% higher pre-market.

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Ballantyne Strong gains after approval of IPO plans for Strong Entertainment business segment
Stock Information
Company Name: Ballantyne Strong Inc.
Stock Symbol: BTN
Market: NYSE
Website: ballantynestrong.com
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