百视达Puts Itself Up For Sale

Texas-based movie-rental chain,百视达, is planning to put itself up for sale,The Wall Street Journalreports. The company, which filed for bankruptcy last year, took the move after creditors disagreed on plans to give the company more cash to exit bankruptcy protection.

Creditors, includingCarl Icahnand a consortium led by hedge-fund,Monarch Alternative Capital, have shown interest in the company. Any bidder could offer more than $300 million for the chain, plus assumption of various liabilities, including certain store leases.

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