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WWE retains restructuring specialist Kirkland & Ellis as adviser for strategic review

(Reuters) - World Wrestling (NYSE:WWE) Entertainment said on Thursday it has retained bankruptcy and restructuring powerhouse Kirkland & Ellis LLP as its legal adviser related to...
WWE retains restructuring specialist Kirkland & Ellis as adviser for strategic review © Reuters. Signage is seen outside of the law firm Kirkland & Ellis LLP in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly
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(Reuters) - World Wrestling (NYSE:WWE) Entertainment said on Thursday it has retained bankruptcy and restructuring powerhouse Kirkland & Ellis LLP as its legal adviser related to its review of strategic alternatives for the company.

It has also retained The Raine Group LLC as financial advisor and August LLC as strategic communications adviser.

WWE shares gained 3% in extended trading.

The announcement comes days after the company elected Vince McMahon as the executive chairman of the media and entertainment company's board and said co-chief executive officer and chairwoman Stephanie McMahon was stepping down.

Vince McMahon returned to WWE earlier this month and made some changes to the company's board. At the time, WWE announced that it was launching a review to explore "strategic alternatives" for the company.

He had retired in July last year, as the company's CEO and chairman, following an investigation into his alleged misconduct. Later, WWE said that it found some unrecorded expenses tied to Vince McMahon.

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04-03-2024 21:18:39 (UTC+7)

EUR/USD

1.0848

+0.0011 (+0.10%)

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EUR/USD

1.0848

+0.0011 (+0.10%)

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GBP/USD

1.2682

+0.0032 (+0.26%)

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Moving Avg:

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USD/JPY

150.51

+0.41 (+0.27%)

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AUD/USD

0.6515

-0.0008 (-0.12%)

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Neutral

Moving Avg:

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Buy (3)

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USD/CAD

1.3566

+0.0009 (+0.07%)

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EUR/JPY

163.28

+0.67 (+0.41%)

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EUR/CHF

0.9600

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2,104.00

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23.613

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187.05

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S&P 500

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DAX

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FTSE 100

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2,076.39

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10,045.73

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    EUR/USD 1.0848 ↑ Buy  
    GBP/USD 1.2682 ↑ Buy  
    USD/JPY 150.51 Neutral  
    AUD/USD 0.6515 Neutral  
    USD/CAD 1.3566 ↑ Sell  
    EUR/JPY 163.28 ↑ Buy  
    EUR/CHF 0.9600 ↑ Buy  
    Gold 2,104.00 ↑ Buy  
    Silver 23.613 ↑ Buy  
    Copper 3.8650 Sell  
    Crude Oil WTI 80.14 Neutral  
    Brent Oil 83.81 Buy  
    Natural Gas 1.965 Neutral  
    US Coffee C 187.05 ↑ Buy  
    Euro Stoxx 50 4,907.35 Sell  
    S&P 500 5,137.08 ↑ Buy  
    DAX 17,703.65 Sell  
    FTSE 100 7,629.46 ↑ Sell  
    Hang Seng 16,595.97 ↑ Buy  
    Small Cap 2000 2,076.39 ↑ Buy  
    IBEX 35 10,045.73 ↑ Sell  
    BASF 46.845 ↑ Sell  
    Bayer 28.20 ↑ Sell  
    Allianz 251.68 ↑ Sell  
    Adidas 185.82 ↑ Sell  
    Lufthansa 7.058 ↑ Sell  
    Siemens AG 181.57 ↑ Sell  
    Deutsche Bank AG 12.550 ↑ Sell  
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