
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, March 8, 1990                   TAG: 9003081591
SECTION: BUSINESS                    PAGE: C-9   EDITION: METRO 
SOURCE: 
DATELINE: LOS ANGELES                                LENGTH: Short

MGM-UA ACCEPTS ITALIAN BUYOUT OFFER

MGM-UA Communications said Wednesday it had accepted a $1.2 billion buyout offer from Italian financier Giancarlo Parretti's Pathe Communications Corp.

Parretti also will take over $400 million in junk bond debt as part of the deal, which may be the final scene of a long-running drama in which a virtual cast of thousands considered buying all or part of MGM-UA.

The studio was on the auction block for two years. - Associated Press

by CNB