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Hastings Merger Restraining Order Extended

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

AMARILLO -- The temporary restraining order against the merger between Hastings Entertainment and Draw Another Circle LLC has been extended.

You will remember, the US District Court issued that order, earlier this month.

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

The company planned to buy all shareholders’ stock at three dollars per share.

However, current shareholders say that price was too low.

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