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Image Entertainment merges with Nyx Acquisitions in $100m deal

Nyx Acquisitions and Image Entertainment have merged in a $100m deal whereby Image stockholders will receive $2.75 per share in cash.The parties said the acquisition price represented a 299% premium to Image's closing share price of $0.69 on November 20 and a 267% premium to the 30-day average closing price of $0.75 ended November 20.Stockholders owning a total of approximately 38% of Image's outstanding shares of common stock have agreed to vote their shares in ...

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