Movie Gallery (MOVI) receives regulatory clearance; one step closer to buying Hollywood Entertainment (HLYW)

| About: Movie Gallery (MVGRQ)
This article is now exclusive for PRO subscribers.

With the expiration of the waiting period under the Hart-Scott-Rodino act, Movie Gallery has cleared the regulatory hurdle and is one step closer to completing its merger with Hollywood Entertainment.   

Blockbuster's bid is still under review with the Federal Trade
Commission, and has received a Request for Additional Information from
the FTC. Read the Press Release