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Non-Tech : 1000% returns are cool !!!

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To: If only I'd held who wrote (125)	6/2/2000 11:58:00 PM
From: edkaiser	Read Replies (1) of 3326

Well here's that TMRK news ... "Marking a major push to consolidate its status in the independent film world, Lions Gate Entertainment has closed a deal to pay just shy of $50 million to acquire Los Angles-based Trimark Pictures Inc., which produced and distributed the Samuel L. Jackson-starrer "Eve's Bayou," and distributed the Kevin Spacey-starrer "Swimming With Sharks." The companies are expected to confirm their merger Monday, when at the end of business they are expected to make a formal announcement to the New York Stock Exchange. The deal illustrates Lions Gate's desire to increase the scale of its operations as it takes on major studio competitors. The Canada-based Lions Gate will pay $10 a share in cash and stock for Trimark, whose main source of revenue is the video and theatrical distribution of a 650-title film library.(Matthew Doman and Cathy Dunkley)" hollywoodreporter.com

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