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Wednesday, February 02, 2005

Blockbuster Raises Hollywood Bid...

Blockbuster has muddied up plans for a Movie Gallery-Hollywood Entertainment merger.

The No. 1 video rentailer today filed a dramatically improved bid for Hollywood that beats Gallery's offer for the chain by 9%.

Blockbuster's new cash and stock bid of $14.50 per share compares with a $13.25 per share from Gallery, which Hollywood's board has accepted. It had been widely expected that...

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