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BRIEF-Hhgregg terminates letter of intent

March 16 Hhgregg Inc

* Hhgregg terminates letter of intent

* Hhgregg inc says company was unable to reach a definitive agreement on terms

* Will continue to operate in ordinary course of business throughout restructuring process

* Hhgregg inc - has obtained interim approval of its $80 million debtor-in-possession loan facility to fund operations of business during sale process

* Hhgregg - terminated nonbinding term sheet with anonymous party to buy substantially all of co's assets through reorganization under chapter 11 Source text for Eikon: Further company coverage:

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