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CETV - Central European Media Enterprises: Questions For Long-Term Outlook Remain
Central European Media Enterprises Ltd.
Central European Media Enterprises Ltd. (CETV) announced the plan to explore strategic alternatives. Alternatives may include, the sale of part or all of the company, merger, recapitalization or continuing to executing the current business plan. This plan has the full support of CETV main shareholder AT&T (T), which owns 64.2% of the company.
The market reacted positively with stock price rising by 7.78% during the day of the announcement. Is the market optimism reasonable?
I see three areas that will impact the CETV stock price in the coming months.