North American home entertainment company Image Entertainment announced that its stockholders have approved the amended agreement for Image to be acquired by BTP Acquisition Company. The merger is expected to close by Nov 6.
The revised agreement will give shareholders $4.68 per share in cash. In March, Image agreed to be acquired by BTP for $95m, or $4.40 per share.
BTP's portfolio already includes North American distributor THINKFilm and UK-based production, sales and financing company Capitol Films.Image's shareholders previously rejected a Lionsgate deal.