Video giant's shares off 16 percent. (27-OCT-05) The Dallas Morning News (Dallas, Texas) (via Knight-Ridder/Tribune Business News)

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Video giant's shares off 16 percent.

Publication: The Dallas Morning News (Dallas, Texas) (via Knight-Ridder/Tribune Business News)

Publication Date: 27-OCT-05

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Byline: Victor Godinez

Oct. 27--Blockbuster Inc. said Wednesday that it's close to restructuring its debt, but its shares fell nearly 16 percent on rumors about a secondary stock offering to raise cash.

As part of the restructuring -- which would be the third this year -- the Dallas-based video-rental firm said that it would raise cash to pay off existing debt, but...

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