Robert L. Johnson’s The RLJ Companies said it agreed to...
Robert L. Johnson’s The RLJ Companies said it agreed to acquire Image Entertainment Inc., and Acorn Media Group and change their name to RLJ Entertainment. Image Entertainment’s common stock holders will get 2.139 million shares of common stock of the…
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new company; its preferred stock holders will get $22.6 million in cash and promissory notes. Acorn Media shareholders will get $105 million in cash, one million shares of stock in RLJ Entertainment and warrants to buy another million shares. Johnson will be executive chairman of the company.