Sandhurst claims play for Cannon

Sandhurst Assets Inc., a corporation headed by former Giancarlo Parretti partner Giovanni Di Stefano, announced in a press release yesterday it had made a $ 10 million bid for Cannon Pictures.

The release quoted Di Stefano as saying, “We had last month made another offer for Cannon, which the Cannon board were considering, but in the usual Hollywood fashion, the shareholders asked for more.”

Cannon officials were not available for comment.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety