Hastings Entertainment Merger On Hold

By Martin Barbosa

Published 06/02 2014 05:05PM

Updated 06/02 2014 05:33PM

AMARILLO -- A temporary restraining order has been set against the merger between Hastings Entertainment and Draw Another Circle, LLC.

The US District Court issued that order today restricting that potential merger.

Several shareholders filed a lawsuit over a deal with Draw Another Circle, LLC.

The company planned to buy all shareholder's stock at $3 per share but current shareholders say it was too low.

The potential merger was announced in March.

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