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Entertainment One backtracks on DHX acquisition

Canadian entertainment company Entertainment One (E1) has reversed its planned reverse takeover of Halifax production company DHX Media.Announced in September, the move would have given E1 a listing on the Toronto Stock Exchange; E1, financed by the UK-based hedge fund Marwyn, currently has a listing on the LSE's AIM.In a release, E1 said its senior lenders would not consent to the DHX transaction, set to close January 31, 2009. The transaction was conditional on ...

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