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Iwerks to acquire Omni

BURBANK, Calif. — Iwerks Entertainment Inc. said it signed a definitive agreement to acquire Omni Films Intl. Inc. for about $ 34 million in cash and shares.

“The acquisition establishes Iwerks’ Attractions and Technologies Division as the single dominant company in the high-growth ride simulation industry,” said Stanley B. Kinsey, Iwerks chairman and chief executive.

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