Summary
THE lengthy three-way battle for Bob the Builder cartoon group Hit Entertainment became a one-horse race yesterday when a second potential suitor walked away.
Canadian media giant Lions Gate Entertainment said it did not plan to make an offer after examining Hit's books, leaving the way clear for private equity group Apax Partners' planned GBP 489 million takeover. Hit Entertainment's shares fell 3 per cent to 298p.See the full content of this document
Extract
Second Suitor Drops Out of Hit Running
Hit issued a statement saying: "Hit notes the announcement by Lions Gate E...
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