Blockbuster threatens hostile bid
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The gloves came off Tuesday in the heavyweight battle over Hollywood Entertainment Corp., the nation&#39;s No. 2 video rental chain.
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If Canadian aluminum company Alcan Inc. , the subject of a hostile takeover bid from U.S. rival Alcoa , defends itself by turning the tables with an offer for Alcoa, some tough Pennsylvania anti-takeover laws stand before it.
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DALLAS-Blockbuster Inc. plans to launch an $11.50 per share, cash tender offer to shareholders for Hollywood Entertainment next month in the latest move to acquire its largest competitor.
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Video rental chain Movie Gallery Inc. on Friday said it has made an offer to acquire Hollywood Entertainment Corp., countering a &#36;700 million takeover proposed last week by Blockbuster Inc. and a pending bid from a Los Angeles buyout firm.
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Blockbuster Inc. (BBI.N: Quote, Profile, Research) , the largest US video rental chain, on Tuesday said it plans to launch a hostile bid for Hollywood Entertainment Corp.
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CHICAGO  - Blockbuster Inc. , the largest U.S. video rental chain, on Thursday said it has contacted Hollywood Entertainment Corp.  about acquiring its top rival for $700 million.
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Global video giant Blockbuster, which is struggling for growth as the internet transforms the movie rental business, said it&#39;s preparing to launch an unsolicited takeover bid for rival Hollywood Entertainment.
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DALLAS -- Blockbuster Inc. , facing new attacks from big retailers and online operators, has offered $700 million for rival Hollywood Entertainment Corp. in a bid to combine the two biggest players in the movie-rental industry.
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Blockbuster Inc. BBI.N, the largest  U.S. video rental chain, on Tuesday said it plans to launch a  hostile bid for Hollywood Entertainment Corp. HLYW.O if the  smaller rival will not cooperate with its $700 million takeover  offer.
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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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NEW YORK (CBS.MW) -- Blockbuster Inc. wants to acquire rival Hollywood Entertainment for $700 million in a move that would broaden Blockbuster&#39;s standing as the world&#39;s largest movie rental company.
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The battle for video rental company Hollywood Entertainment Corp. heated up Tuesday as Blockbuster Inc. threatened to make a hostile $1 billion bid to buy its smaller rival
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Another bid in the mining sector turned hostile yesterday when Xstrata said it would take its A$7.4bn (Â£3.2bn) offer for WMC Resources directly to shareholders.
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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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The battle for video and DVD rentals heated up this week as Blockbuster indicated it would seek to buy out rival Hollywood video and would do so by hostile takeover if necessary.
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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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Video rental chain Hollywood  Entertainment Corp. HLYW.O, which may face a hostile takeover  bid by industry leader Blockbuster Inc. BBI.N, on Monday  agreed to be bought by smaller rival Movie Gallery Inc.  MOVI.O for $850 million.