Blockbuster blasted by bankruptcy fears (Dealscape

Blockbuster Inc. shares plunged 77% Tuesday in response to speculation the video renter would later confirm that it had retained Kirkland & Ellis LLP to consider restructuring options, including a prepackaged bankruptcy.

Trading in the Dallas-based company's stock was halted in midafternoon, initially without explanation, after its price fell to 74 cents per share. The decline reduced the value of Blockbuster shares from their 52-week high by 94%.

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NOT A SUBSCRIBER? Blockbuster blasted by bankruptcy fears Posted on March 4, 2009 2:00 PM Blockbuster Inc. shares plunged 77% Tuesday in response to speculation the video renter would later confirm that it had retained Kirkland & Ellis LLP to consider restructuring options, including a prepackaged bankruptcy. Trading in the Dallas-based company's stock was halted in midafternoon, initially without explanation, after its price fell to 74 cents per share. The decline reduced the value of Blockbuster shares from their 52-week high by 94%. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 623 in-depth reports of Bankruptcies in the Retail sector 234 articles related to Blockbuster Inc. 81 articles related to Netflix Inc. 40 company pages related to video 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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