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Movie gallery wins bidding war for Hollywood Entertainment.(Brief Article)
The fierce bidding war for Hollywood Entertainment Corp. is over, and Movie Gallery came out on top. The Dothan, Ala.-based video-rental chain agreed to take over Hollywood Entertainment in a deal valued at $850 million in cash plus the assumption of $350 million in debt. The deal is expected to be completed during the second quarter of 2005. The planned merger of the nation's second- and third-largest video-rental chains will create a new player …
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