Howard, Grazer wrap Imagine acquisition

The book appears to be closed on the privatization of Imagine Films Entertainment Inc.

The film production company said co-founders Ron Howard and Brian Grazer have purchased 94% of Imagine Films’ 5,655,756 shares through a tender offer by IFE Acquisition Co. that expired Tuesday.

In a press release, Imagine Films said IFE paid $ 9 a share for 2,211,569 shares tendered by physical delivery and 29,212 shares tendered by notice of guaranteed delivery.

Imagine Films said that under a previously announced merger agreement, IFE will merge into Imagine Films, with Imagine Films as the surviving company. In the merger, all remaining shares will be converted into the right to receive $ 9 in cash.

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:

WordPress.com Logo

You are commenting using your WordPress.com 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 Film News from Variety

Loading