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Image Entertainment, Inc., a leading independent licensee, producer and distributor of home entertainment programming in North America, announced today that its pending acquisition by BTP Acquisition Company, LLC did not close today; however, representatives of the parties met today to discuss the status of the transaction and determined it was in the parties’ best interests to extend the outside closing date under the Merger Agreement for a limited time to allow for further discussions. Today’s discussions were reviewed at a meeting of the Board of Directors of Image held in the afternoon of February 1, 2008. The Image Board meeting was recessed until Tuesday, February 5, 2008, at which meeting the Board hopes to determine the final status of the merger transaction.
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Reason #31 Why Readers Love Widescreen Review:
Great resource for the home theatre enthusiast and industry professional alike. WSR has a nice combination of technical information and lively informative reviews of equipment and software, along with strong coverage of industry trends. - Lawrence Steinhauer
