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Alliance-Scanbox deal dies


July 07, 2008 Alliance Films' bid to buy Scandinavian distributor Scanbox has collapsed after nearly a year of negotiations, sources said. Scanbox boss Karl-Age Jensen told staff in an internal e-mail Thursday that the takeover -- agreed to on April 2 -- was halted after Alliance, which was due to complete the deal on June 30, "requested a further delay of the final transaction, due to issues in obtaining the necessary security and guarantees to complete the Scanbox deal." An insider told The Reporter that the Scanbox management had gotten fed up of Alliance and Goldman Sachs dicking around.

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