February 27, 2018 / 5:32 PM / 6 months ago

BRIEF-RLJ Entertainment Announces Formation Of Special Committee To Review Proposal By AMC Networks

Feb 27 (Reuters) - RLJ Entertainment Inc:

* RLJ ENTERTAINMENT ANNOUNCES FORMATION OF SPECIAL COMMITTEE TO REVIEW PROPOSAL BY AMC NETWORKS

* SAYS ‍BOARD GRANTED SPECIAL COMMITTEE INDEPENDENT AUTHORITY TO EVALUATE, RESPOND TO PROPOSED AMC NETWORKS DEAL

* SAYS ‍SPECIAL COMMITTEE COMPOSED OF RLJE DIRECTORS ANDOR LASZLO AND SCOTT R. ROYSTER​

* SAYS IN ORDER TO COMPLETE DEAL, AMC NETWORKS WILL NEED TO NEGOTIATE "ACCEPTABLE" DEAL TERMS OF 4 OUTSTANDING SERIES OF PREFERRED STOCK​ Source text for Eikon: Further company coverage:

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