Camelot Entertainment , Entertains Offers on the Table for Merger and Acquisition

Online, June 4, 2010 (Newswire.com) - LionsGate Films announced today that they have entered into a definitive negotiations agreement under which " The Company " will bid for Camelot Entertainment , a production and entertainment company. The talks are expected to conclude no later than last quarter this year.
According to Preliminary talks, $1.99 per share represents a premium for Camelots common stock , the transaction, and premium of Camelots common stock would represent a premium before a potential 1:1 stock merger under refinement and succesful bid for Camelot Entertainment.

A blog Post by Camelot Entertainment says:

"There can be no assurances that the contemplated transaction will be consummated under the terms outlined in their respective letters of intent or at all. Until we accept a offer we are still entertaining other offers still on the table. "

While we have been very interested in entering negotiations with LionsGate Films we have also been approached by the Oracle of Omaha Warren Buffet himself. We have not yet forged a time to sit down with the investment genius however it just may be a option worth exploring. There is allot going on right now it will take a few months for the company to digest the offers and come up with something substantial in the way of decisions but the future looks bright.

Camelot Entertainment GroupJonathon Russo(772) [email protected] Distribution GroupMedia Contact:Jessica Kelly(818) [email protected]