Image pulls out of merger with Bergstein's BTP
US video distributor Image Entertainment has pulled out of its merger with David Bergstein affiliate BTP Acquisition Company and demanded prompt payment of a $4.2m business interruption fee.Image made its move after reportedly growing tired of waiting for BTP to complete the necessary financing on the deal, initially announced early last year 2007.At that time both parties spoke effusively about the mutually beneficial effects of a transaction. For Image a merger ...
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