CD Warehouse Expects a Comeback Even as Sale Looms
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Oklahoma City-CD Warehouse Inc. has signed a letter of intent for competitor Djangos to acquire the company at an offering of $1.50 a share. The new and used CD and DVD vendor recently posted third quarter losses but predicted a profitable fourth quarter. CD Warehouse CEO Christopher Salyer believes shareholders will not accept the deal, while Djangos CEO Steve Wood believes the offer will be accepted. -Daily Oklahoman
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