Burbank Video Firm Receives Takeover Bid

AME Inc. in Burbank received a takeover bid of $10 a share, or about $49 million, from an investor group led by Lawrence J. Berkowitz.

The offer was not unexpected. Last month the group, named AME Holding, agreed to make a bid of at least $10 a share and received an option to buy the 44% stake in AME held by its founder and chairman, Andrew M. McIntyre, for $10 a share.

However, AME, a leading provider of video post-production services for the movie and television industries, said a committee of its outside directors plans to recommend that the full board reject the offer. Berkowitz is a former chief executive of IDC Services, a payroll company.

McIntyre himself offered $13.75 a share for AME earlier this year, but the deal collapsed. AME closed Monday at $10.00 in over-the-counter trading.