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Article: Movie Gallery Announces a Proposal to Acquire Hollywood Entertainment Corporation.

Article from:
PR Newswire
Article date:
November 19, 2004
Copyright

Movie Gallery Presents Superior Alternative to the Current Merger Agreement with Leonard Green Partners

A Successful Movie Gallery Bid has Less Antitrust Risk and Offers a Faster Closing than a Blockbuster Offer

Movie Gallery, Inc. today confirmed that it has delivered an acquisition proposal to the special committee of the board of directors of Hollywood Entertainment Corporation . Terms of Movie Gallery's proposal have not been disclosed. If consummated, the proposed transaction would be immediately accretive to Movie Gallery's earnings.

The combined company would be the second largest North American video rental company with annual ...

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