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In response, Hollywood Video agreed to a buyout on January 10, 2005, by Movie Gallery, a smaller competitor. Movie Gallery paid $860 million, $13.25 per share, and the assumption of $380 million in debt.
Movie Gallery paid $860 million, $13.25 per share, and the assumption of $380 million in debt. Stocks closed at $13.85 on January 10 after the news. Blockbuster then dropped its purchase plans, citing anti-trust concerns. Movie Gallery completed its purchase of Hollywood Video on April 27, 2005. [citation needed]
Feb 7, 2010 · NEW YORK - Movie Gallery Inc., owner of the Hollywood Video movie rental chain, has filed for Chapter 11 protection and plans to close 805 stores — about a third of its total. Its the second trip through bankruptcy court in just three years for Movie Gallery.
Apr 16, 2010 · Yes, even the fixtures were for sale at some of the 760 stores that Hollywood’s parent company, Movie Gallery, began closing just after it announced in February that it was filing for Chapter 11 bankruptcy protection — for the second time in the past three years.
In response, Hollywood Video agreed to a buyout on January 10, 2005, by Movie Gallery, a smaller competitor. Movie Gallery paid $860 million, $13.25 per share, and the assumption of $380 million in debt.
May 10, 2010 · The acquisition made Movie Gallery the second-largest rental chain in the country but it has been forced to close more than 2,400 of its stores in the past three years, according to court...
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SAN FRANCISCO (MarketWatch) - Video rental firm Movie Gallery Inc. completed its $1.25 billion acquisition of rival Hollywood Entertainment Wednesday, creating the second largest home video...
