West Coast signs agreements to buy more independent chains. (West Coast Entertainment, Inc.)

From: Video Business | Date: June 28, 1996| Author: | Copyright information

In its first month as a publicly traded company, West Coast Entertainment has been absorbing the 171 stores it purchased with the proceeds of its initial public offering (IPO) and has signed agreements in principle to buy 72 more.

The proposed acquisitions comprise "about five" independent chains that won't be identified until definitive agreements are reached, said CEO Kyle Standley. The stores will serve to fill in West Coast's markets in New Jersey, central Ohio, Kentucky and Boston.

Standley declined to say whether the agreements contain "no shopping" clauses that preclude ...

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