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Article: Pathe and Kings Road discontinue talks. (Pathe Communications; Kings Road Entertainment)

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PR Newswire
Article date:
May 1, 1989
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PATHE AND KINGS ROAD DISCONTINUE TALKS

LOS ANGELES, May 1 /PRNewswire/ -- Pathe Communications and Kings Road Entertainment (NASDAQ: KREN) announced in a joint statement today that they have agreed to terminate talks regarding a stock purchase by Pathe of Kings Road stock and an overall production/ distribution agreement.

After extensive talks, it appears that no arrangements could obtain the approval of the boards of both companies.

Although talks have ceased, both parties intend to keep the lines of communications open and look forward to doing ...

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