Image, BTP merger delayed again
By Susanne Ault -- Video Business, 11/15/2007
NOV. 15 | Image Entertainment has postponed its target closing date to merge with BTP Acquisition Co. for a second time, to Nov. 28.
Image was expected to finalize its purchase by BTP today, after delaying its original Nov. 6 deadline to have more time to file its 10Q statement with the Securities and Exchange Commission.
The indie supplier needed to extend the closing date with BTP further to finalize the necessary documentation to consummate the acquisition, according to a company statement.
All other deal terms between Image and BTP remain unchanged. Image executives did not respond for comment at deadline.
