American Film, Robertson Still Talking
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American Film Technologies Inc., a North Hollywood producer of animation and special effects for movies and television, said it is still negotiating with a group led by evangelist M. G. (Pat) Robertson that is interested in investing $4.7 million in the company.
A letter of intent regarding the proposal signed May 26 remains in effect, American Film said. But Robertson’s group has not yet finished its due diligence investigation, and so a definitive agreement on the matter has not been reached.
American Film and the investor group originally hoped to complete the transaction by June 30.
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