Lions Gate offers $90m for DVD specialist
Lions Gate Entertainmenthas launched a $90m bid to buy Image Entertainment, the North American producerand distributor of home entertainment programming whose operations include a UKsubsidiary.The unsolicited bid sentImage Entertainment's shares soaring by as much as 57% this Wednesday afternoon on NewYork's Nasdaq exchange upon speculation that Lions Gate would increase itsoffer.In response, Image CEOMartin Greenwald ...
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