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Article: Image Entertainment and Nyx Agree to Extend Merger Closing Date.
- Article from:
- Business Wire
- Article date:
- February 28, 2009
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Amendment to Merger Agreement Includes, Among Other Things, a $500,000 Addition to Business Interruption Fee in Exchange for March 20, 2009 Closing Date
CHATSWORTH, Calif. -- Image Entertainment, Inc. (NASDAQ: DISK), a leading independent licensee, producer and distributor of home entertainment programming in North America, announced today that it has amended the merger agreement previously entered into with Nyx Acquisitions, Inc., an affiliate of Q-Black, LLC, whereby Nyx agreed to acquire 100% of the outstanding common stock of Image Entertainment for $2.75 per share in cash.
The amended merger agreement provides that, among other things, the closing ...