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Two Suitors Circling HIT

by on April 4, 2005
 
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HIT Entertainment may be the target of two unsolicited takeover bids, the Associated Press reports. The producer of Barney and Bob the Builder says that Lions Gate Entertainment and another, unidentified company have expressed a tentative interest in purchasing the company. The interest comes shortly after HIT agreed to be purchased by Apax Partners, a private equity firm.

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