Blockbuster Denies Bankruptcy Rumors
After media reports citing anonymous sources stated earlier in the day that the world's largest movie-rental chain was considering a possible prepackaged bankruptcy, Blockbuster's stock plummeted 77 percent to 22 cents before trading was halted.
However, Blockbuster spokeswoman Karen Raskopf said Tuesday evening, "We do not intend to file for bankruptcy."
The company is seeking to get new financing in place...
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