LIVE Bid for Vestron: LIVE Entertainment Inc....
From Times Staff and Wire Reports
LIVE Bid for Vestron: LIVE Entertainment Inc. would acquire most of Vestron Inc.’s operating assets and liabilities in exchange for a package of LIVE equity securities under a tentative agreement. Holders of Vestron’s $115-million subordinated debt would receive LIVE convertable preferred stock worth $21 million, along with other incentives. The deal hinges on Vestron completing a reorganization plan under Chapter 11 bankruptcy proceedings.
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