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Hastings Merger

A major merger could leave the future of Hastings Entertainment up in the air. Hastings made their announcement Monday of their $21 million(M) plan to merge with an entertainment conglomerate taking the Amarillo based company private.
A major merger could leave the future of Hastings Entertainment up in the air.

Hastings made their announcement Monday of their $21 million(M) plan to merge with an entertainment conglomerate taking the Amarillo based company private. However, several concerns have come forward because a major Hastings stockholder also owns the parent company involved in the merger.

Last year, Hastings lost $6 million (M) in the last quarter. The merger is set to close during the second quarter this year.

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