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Article: Image Entertainment Continues Negotiations with Nyx Regarding Closing Date Extension.
- Article from:
- Business Wire
- Article date:
- March 21, 2009
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Nyx Delivers Financing Update and Asserts Confidence In Its Ability to Close
CHATSWORTH, Calif. -- Image Entertainment, Inc. (NASDAQ: DISK), a leading independent licensee, producer and distributor of home entertainment programming in North America, announced today that on Friday, March 20, 2009, Nyx Acquisitions, Inc. updated Image Entertainment regarding Nyx's financing sources in connection with the proposed merger. Nyx also reiterated its intent to cure the breach of the amended merger agreement by delivering the outstanding balance of the business interruption fee to the trust account.
A representative of Nyx reiterated Nyx's desire to purchase ...