Heggessey leads Boomerang MBO

Cardiff-based independent television company Boomerang was the subject of a management buyout led by former BBC1 controller Lorraine Heggessey. The £7.1m takeover will see Boomerang become Boom Pictures, with ex Talkback Thames boss Heggessey its executive chairwoman. The deal has been approved by 81 per cent of Boomerang’s investors , who will receive 77p per share, a 51 per cent premium on Wednesday’s share price.