Multimedia entertainment retailer Hastings, which has been in steady financial decline for years, has entered into a merger agreement with a company owned by Joel Weinshanker, who already owns a 12 percent stake in Hastings and runs National Entertainment Collectibles Association, a key supplier of movie, book and video game merchandise and collectibles to Hastings for more than a decade. Under the terms of the deal, valued at $21.4 million or $3 a share (a 50 percent premium on the closing share price at the end of last week) Hastings would be merged with Hendrix Acquisition Corp under the parent company […]
