New Carolco Investor: London-based Carlton Communications, parent...
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From Times Staff and Wire Reports
New Carolco Investor: London-based Carlton Communications, parent company of Technicolor Labs, has purchased a 3% stake in Carolco Pictures for $14 million. Carlton received about 1 million shares of Carolco common stock at $13.50 per share, a premium price. The Los Angeles-based Carolco, makers of the “Rambo” films, has been seeking foreign investment.
