Blockbuster May Turn Hollywood Bid Into Hostile Offer
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Blockbuster Inc., the largest US video store chain, may turn its $700 million bid for Hollywood Entertainment Corp. into a hostile takeover attempt if the smaller company&#39;s board doesn&#39;t cooperate.
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Blockbuster Inc. (BBI.N: Quote, Profile, Research) on Wednesday offered to raise its unsolicited bid for Hollywood Entertainment Corp.
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Blockbuster Inc. launched a hostile $991.6 million offer yesterday to acquire smaller rival Hollywood Entertainment Corp. , escalating a two-way takeover battle for the video rental chain.
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Blockbuster increased the pressure on its smaller rival Hollywood Entertainment on Tuesday saying that it was prepared to make its $1bn offer for the video rental chain hostile if Hollywoodâs board did not cooperate.
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Amid speculation the French oil group Total could attempt a hostile takeover of rival Royal Dutch/Shell, remarks by a top Total executive and market analysts suggest the time is not right for such a move.
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Blockbuster Inc. BBI.N, the largest  U.S. video rental chain, on Thursday said it has contacted  Hollywood Entertainment Corp. HLYW.O about acquiring its top  rival for $700 million.
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Fort Worth, Texas - Blockbuster is tired of being the butt of jokes on Leno and Letterman. And, even closer to home, it wants to eliminate what the company&#39;s president calls &quot;those unpleasant conversations at the register.
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Blockbuster Inc.  on Wednesday offered to raise its unsolicited bid for Hollywood Entertainment Corp. , but said it was denied access to the rival movie chain's books, making a friendly offer unlikely.
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Hollywood Entertainment Corp. , which may face a hostile takeover bid by Blockbuster Inc. , on Monday agreed to be bought by smaller rival Movie Gallery Inc.  for about &#36;850 million in a merger of two big U.S. video rental chains.
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Blockbuster Inc. , the top U.S. movie rental chain, said on Wednesday it is willing to raise its bid for Hollywood Entertainment Corp. , a rival that has two other suitors looking to buy it.
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Video rental giant Hollywood Entertainment Corp. has agreed to a buyout offer of about $850 million from smaller rival Movie Gallery Inc. in a deal that would create a stronger challenger to the industry leader Blockbuster Inc.
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DALLAS Blockbuster, the largest US movie-rental chain, said Tuesday that it would introduce a hostile bid for Hollywood Entertainment next month if the rival&#39;s directors would not negotiate a deal.
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Blockbuster has stepped up the pressure on Hollywood Entertainment by threatening to take its $700m (Â£362m) offer for the rival US video rental chain hostile if its management does not agree to negotiate.
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Hollywood Entertainment's board wants shareholders to accept the lowest buyout offer. That's called negotiating?
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Blockbuster&#39;s saber rattling is the latest salvo in a bidding war for Hollywood. Blockbuster values its bid at around US$1 billion: $700 million in cash, plus the assumption of $300 million in debt.
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The country&#39;s largest video store chain made an offer to buy arch rival Hollywood Entertainment yesterday. It&#39;s a risky effort to stave off competition from online DVD rental services like
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Blockbuster Inc., locked in a bidding war for Hollywood Entertainment Corp., announced Wednesday that it may sweeten its offer for the rival video renter.