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03/18/2010 12:22:04 PM EST

Blockbuster shares tumble after bankruptcy warning

Posted by

LexisNexis Bankruptcy Law Community Staff

(NEW YORK) Shares of Blockbuster Inc. sank 30 percent Wednesday after the video rental chain warned that it may have to file for Chapter 11 bankruptcy protection.
 
Competition from DVD-by-mail company Netflix Inc. and DVD vending machines operated by Coinstar Inc. have eroded the Dallas company's revenue even as it staggers under…
 

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