Vestron to Declare Bankruptcy: Vestron Inc., once...

Vestron to Declare Bankruptcy: Vestron Inc., once considered a high flier in the home-video business, said it will file for bankruptcy as part of a deal in which it will be acquired by Live Entertainment Inc., a diversified entertainment company. Under the deal, “substantially all” of Stamford, Conn.-based Vestron’s assets and liabilities will be taken over by Van Nuys-based Live in exchange for a package of Live equity securities. However, Vestron, which distributes home videos and holds the rights to some 1,200 films including such hits as “Platoon” and “Dirty Dancing,” will first file for Chapter 11 bankruptcy protection.