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Hallmark to Buy TV Movie Producer RHI Entertainment
[Southland Edition]
Los Angeles Times (pre-1997 Fulltext) - Los Angeles, Calif.
Author: Lippman, John
Date: Apr 27, 1994
Start Page: 2
Section: Business; PART-D; Financial Desk
Abstract (Document Summary)

The RHI sale will prove a lucrative payoff for the father-son team of Robert Halmi Sr., 70, and Robert Halmi Jr., 37, who collectively own about 12% of the company's common shares. They took RHI public in 1989 at $10 per share.

Rumors that RHI might be sold began recently as its stock price rose on speculation that Turner Broadcasting System Inc., which recently acquired RHI shareholder New Line Cinema, would mount a bid for the production company.

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