Madison Square Garden Entertainment Corp. (“MSG Entertainment”)
(NYSE: MSGE) today announced it plans to issue a press release on
Friday, May 7, 2021 before the market opens, reporting financial
results for its fiscal third quarter ended March 31, 2021. MSG
Networks Inc. (“MSG Networks”) (NYSE: MSGN) previously announced it
will issue a press release on Friday, May 7, 2021 before the market
opens, reporting financial results for its fiscal third quarter
ended March 31, 2021.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210506006297/en/
In addition, MSG Entertainment plans to file a registration
statement on Form S-4 that contains a joint proxy statement and
prospectus before the market opens on Friday, May 7, 2021 and MSG
Entertainment and MSG Networks plan to file a joint investor
presentation on the proposed acquisition of MSG Networks by MSG
Entertainment on Friday, May 7, 2021.
The companies plan to host a joint webcast on Monday, May 10,
2021 at 4:30 p.m. Eastern Time regarding the proposed acquisition
of MSG Networks by MSG Entertainment, moderated by Brandon Ross,
Partner and TMT Analyst at LightShed Partners. The event will be
available via webcast at investor.msgentertainment.com under the
heading “Events & Presentations” and at
investor.msgnetworks.com under the heading “Events &
Presentations.”
About Madison Square Garden Entertainment Corp. Madison
Square Garden Entertainment Corp. (MSG Entertainment) is a leader
in live entertainment experiences. The Company presents or hosts a
broad array of events in its diverse collection of venues: New
York’s Madison Square Garden, Hulu Theater at Madison Square
Garden, Radio City Music Hall and Beacon Theatre; and The Chicago
Theatre. MSG Entertainment is also building a new state-of-the-art
venue in Las Vegas, MSG Sphere at The Venetian, and has announced
plans to build a second MSG Sphere in London, pending necessary
approvals. In addition, the Company features the original
production – the Christmas Spectacular Starring the Radio City
Rockettes – and through Boston Calling Events, produces the Boston
Calling Music Festival. Also under the MSG Entertainment umbrella
is Tao Group Hospitality, with entertainment dining and nightlife
brands including: Tao, Marquee, Lavo, Avenue, Beauty & Essex,
Cathédrale, Hakkasan and Omnia. More information is available at
www.msgentertainment.com.
About MSG Networks Inc. MSG Networks Inc., a pioneer in
sports media, owns and operates two award-winning regional sports
and entertainment networks and a companion streaming service that
serve the nation’s number one media market, the New York DMA, as
well as other portions of New York, New Jersey, Connecticut and
Pennsylvania. The networks feature a wide range of compelling
sports content, including exclusive live local games and other
programming of the New York Knicks, New York Rangers, New York
Islanders, New Jersey Devils and Buffalo Sabres, as well as
significant coverage of the New York Giants and Buffalo Bills. This
content, in addition to a diverse array of other sporting events
and critically acclaimed original programming, has established MSG
Networks as the gold standard in regional sports.
Additional Information and Where to Find It This press
release may be deemed to be solicitation material in respect of the
proposed transaction between MSG Entertainment and MSG Networks. In
connection with the proposed transaction, MSG Entertainment and MSG
Networks intend to file with the Securities and Exchange Commission
(“SEC”) a registration statement on Form S-4 that will include a
joint proxy statement of MSG Entertainment and MSG Networks that
also constitutes a prospectus of MSG Entertainment. MSG
Entertainment and MSG Networks may also file other documents with
the SEC regarding the proposed transaction. This document is not a
substitute for the joint proxy statement/prospectus, Form S-4 or
any other document which MSG Entertainment or MSG Networks may file
with the SEC. INVESTORS AND SECURITY HOLDERS OF MSG ENTERTAINMENT
AND MSG NETWORKS ARE URGED TO READ THE REGISTRATION STATEMENT, THE
JOINT PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS
THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY
AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN
THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT
INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security
holders may obtain free copies of the Form S-4 and the joint proxy
statement/prospectus (when available) and other documents filed
with the SEC by MSG Entertainment and MSG Networks from the SEC’s
website at www.sec.gov. Copies of documents filed with the SEC by
MSG Entertainment will be made available free of charge on MSG
Entertainment’s investor relations website at
http://investor.msgentertainment.com. Copies of documents filed
with the SEC by MSG Networks will be made available free of charge
on MSG Networks’ investor relations website at
http://investor.msgnetworks.com.
No Offer or Solicitation This communication is for
informational purposes only and is not intended to and does not
constitute an offer to sell, or the solicitation of an offer to
subscribe for or buy, or a solicitation of any vote or approval in
any jurisdiction, nor shall there be any sale, issuance or transfer
of securities in any jurisdiction in which such offer, sale or
solicitation would be unlawful, prior to registration or
qualification under the securities laws of any such jurisdiction.
No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended, and otherwise in accordance with
applicable law.
Participants in the Solicitation MSG Entertainment, MSG
Networks and certain of their respective directors and executive
officers may be deemed to be participants in the solicitation of
proxies from the holders of MSG Entertainment and MSG Networks
securities in respect of the proposed transaction under the rules
of the SEC. Certain information regarding these directors and
executive officers and a description of their direct and indirect
interests, by security holdings or otherwise, will be included in
the Form S-4 and joint proxy statement/prospectus regarding the
proposed transaction (when available) and other relevant materials
to be filed with the SEC by MSG Entertainment and MSG Networks.
Information regarding MSG Entertainment’s directors and executive
officers is available in MSG Entertainment’s proxy statement
relating to its 2020 annual meeting of stockholders filed with the
SEC on October 27, 2020. Information regarding MSG Networks’
directors and executive officers is available in MSG Networks’
proxy statement relating to its 2020 annual meeting of stockholders
filed with the SEC on October 21, 2020. These documents will be
available free of charge from the sources indicated above.
Forward-Looking Statements This document contains
statements that may constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, as amended. Some of these forward-looking statements can be
identified by the use of forward-looking words such as “believes,”
“expects,” “may,” “will,” “should,” “seeks,” “approximately,”
“intends,” “plans,” “estimates,” “projects,” “strategy,” or
“anticipates,” or the negative of those words or other comparable
terminology. However, the absence of these words does not mean that
the statements are not forward-looking. These forward-looking
statements include, but are not limited to, statements regarding
the proposed transaction, pro forma descriptions of the combined
company and its operations, integration and transition plans,
synergies, opportunities and anticipated future performance. Any
such forward-looking statements are not guarantees of future
performance or results and involve risks and uncertainties, and
actual results, developments and events may differ materially from
those in the forward-looking statements as a result of various
factors, including, but not limited to, the following factors: the
impact of public health crises, such as pandemics (including
coronavirus (COVID-19)) and epidemics and any related company or
government policies and actions to protect the health and safety of
individuals or government policies or actions to maintain the
functioning of national or global economies and markets; MSG
Entertainment’s and MSG Networks’ ability to effectively manage the
impacts of the COVID-19 pandemic and the actions taken in response
by governmental authorities and certain professional sports
leagues; the occurrence of any event, change or other circumstances
that could give rise to the termination of the merger agreement
with respect to the proposed transaction between MSG Entertainment
and MSG Networks or otherwise cause the transaction not to occur;
the risk that the conditions to the closing of the proposed
transaction between MSG Entertainment and MSG Networks may not be
satisfied or waived, including the risk that required approvals
from the stockholders of MSG Entertainment and MSG Networks,
regulatory clearances and other approvals are not obtained; the
risk that the anticipated tax treatment of the proposed transaction
between MSG Entertainment and MSG Networks is not obtained;
potential litigation relating to the proposed transaction between
MSG Entertainment and MSG Networks; uncertainties as to the timing
of the consummation of the proposed transaction between MSG
Entertainment and MSG Networks; the risk that the proposed
transaction disrupts the current business plans and operations of
MSG Entertainment or MSG Networks; the ability of MSG Entertainment
and MSG Networks to retain and hire key personnel; unexpected
costs, charges or expenses resulting from the proposed transaction;
potential adverse reactions or changes to the business
relationships of MSG Entertainment and MSG Networks resulting from
the announcement, pendency or completion of the proposed
transaction; financial community and rating agency perceptions of
each of MSG Entertainment and MSG Networks and its business,
operations, financial condition and the industry in which it
operates; strategic or financial benefits or opportunities if the
merger is completed; the impact of the merger on the liquidity
position or financial flexibility and other potential impacts of
the proposed transaction; opportunities related to sports gaming or
growth initiatives; and the potential impact of general economic,
political and market factors on MSG Entertainment and MSG Networks
or the proposed transaction. These risks, as well as other risks
associated with the proposed transaction between MSG Entertainment
and MSG Networks, will be more fully discussed in the joint proxy
statement/prospectus that will be included in the registration
statement on Form S-4 that will be filed with the SEC in connection
with the proposed transaction. The effects of the COVID-19 pandemic
may give rise to risks that are currently unknown or amplify the
risks associated with many of these factors. In addition, future
performance and actual results are subject to other risks and
uncertainties that relate more broadly to MSG Entertainment’s and
MSG Networks’ overall business and financial condition, including
those more fully described in MSG Entertainment’s and MSG Networks’
filings with the SEC including their respective Annual Reports on
Form 10-K, subsequent Quarterly Reports on Form 10-Q and other SEC
filings, including the sections titled “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” contained therein. Forward-looking
statements speak only as of the date made, and MSG Entertainment
and MSG Networks each disclaim any obligation to update or revise
any forward-looking statements except as required by applicable
law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210506006297/en/
Kimberly Kerns EVP and Chief Communications Officer (212)
465-6442 Ari Danes, CFA Senior Vice President, Investor Relations
& Treasury (212) 465-6072
MSG Networks (NYSE:MSGN)
過去 株価チャート
から 11 2024 まで 12 2024
MSG Networks (NYSE:MSGN)
過去 株価チャート
から 12 2023 まで 12 2024
