Hal Roach Studios has proposed that it...

Hal Roach Studios has proposed that it and Robert Halmi Inc. enter into a business combination structured to be a tax-free transaction. Under the terms of the proposal, HRS and RHI would become wholly owned subsidiaries of a newly formed parent entity, each 2.5 shares of RHI common stock would be converted into one share of the new entity’s common stock and each share of HRS common stock would be converted into one share of the new entity’s common stock.