Metromedia International Group (MMG) Looking for Opinions Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Metromedia International Group (MMG) Looking for Opinions

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rodney J Megill who wrote (46)	5/7/1997 8:17:00 PM
From: Elayne Shochet Tatar	of 353

Sorry Rodney, don't know a thing about it. This from today's Hollywood Reporter re the MGM deal. Sorry it's not the entire story. Metromedia to pay up if MGM deal collapses Metromedia International Group will pay MGM up to $5 million if the studio's deal to buy most of MIG's entertainment assets fails to be completed. The so-called termination fee is written into terms of an acquisition agreement, as disclosed in a Form 8K filed recently with the Securities and Exchange Commission and made available Tuesday. On April 28, MGM announced a $573 million deal to buy MIG's Orion Pictures Corp. and Goldwyn Entertainment Co. The boards of publicly traded Metromedia and privately held MGM have approved the deal, which was inked on April 27, but Metromedia shareholders have yet to vote on the transaction. (Carl DiOrio)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next