Judge Lifts Hastings Restraining Order

Published 06/20 2014 09:20PM

Updated 06/20 2014 09:34PM

AMARILLO --     A restraining order to temporarily stop a merger between Hastings Entertainment and Draw Another Circle LLC has been lifted
    You'll remember the US District Court ordered a temporary restraining order against the merger earlier this week.
    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 that price was too low.
    Now Hastings is free to hold their final meeting with shareholders to gain approval to finish the merger.
    That meeting will happen on July 15th.

Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.