Republic Pictures has appointed Blockbuster chairman H. Wayne Huizenga and vice chairman Steven Berrard to its board of directors and plans to revamp its stock structure.
As previously reported, Blockbuster Entertainment Corp. acquired a 35% stake in Republic by buying 2.5 million newly issued Class A shares for $ 25 million. In addition, Republic agreed to expand its board to 8 seats (Daily Variety, Jan. 22).
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