Blockbuster Backs Out

July 2008 | M&A News Alert

On July 1 Blockbuster abandoned its US$1.3bn offer to buy electronics retailer Circuit City Stores, ending weeks of speculation that the deal was on the rocks. Citing market conditions, CEO Jim Keyes said the deal was no longer in the interest of shareholders. Investors agreed, judging by the 7% increase in Blockbuster's share price following the

If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Corporate Financing Week please click on the trial link below.