Pathe Extends MGM/UA Buyout Deadline: Pathe Communications...

Pathe Extends MGM/UA Buyout Deadline: Pathe Communications has extended its tender offer for all outstanding MGM/UA Communications stock until May 10. Pathe’s initial self-imposed deadline passed Monday, but the agreement between the two companies gives Pathe until June 23 to complete the $1.2-billion deal. Pathe’s partner in the MGM/UA buyout bid is Time Warner, which has agreed to put up more than half of the purchase price in return for the distribution rights to the United Artists film library and future MGM/UA and Pathe releases.