|
DALLAS, May 9 /PRNewswire-FirstCall/ -- Blockbuster Inc. (NYSE:BBI) issued the following statement today in response to the announcement by Circuit City Stores, Inc. (NYSE:CC) that it has agreed to allow Blockbuster to conduct due diligence in preparation for a possible bid for the company. Blockbuster had previously offered to acquire Circuit City for at least $6.00 per share in cash, subject to due diligence.
"We are pleased to have reached an agreement with Circuit City to conduct due diligence and further explore a possible merger between our two companies. We continue to believe this combination would create significant cost and operating synergies therefore unlocking substantial value for our shareholders. While it is our hope that the due diligence process will reinforce both the strategic and financial rationale behind the deal, we are committed to only doing a transaction that provides substantial benefits for our shareholders."
|
|
Comentarios de usuarios  |
|
Media de votos
 (0 voto)
|
|
|
