HALLMARK SIGNS AGREEMENT TO BUY RHI ENTERTAINMENT

KANSAS CITY, Mo. -- Hallmark Cards and RHI Entertainment signed a definitive agreement for Hallmark to purchase RHI, a production-distribution company, for $365 million in cash.all outstanding shares of common stock at $36 per share, and all outstanding convertible subordinated debentures.Robert Halmi Sr., chairman, and Robert Halmi Jr., president and chief executive officer, will continue to serve

KANSAS CITY, Mo. -- Hallmark Cards and RHI Entertainment signed a definitive agreement for Hallmark to purchase RHI, a production-distribution company, for $365 million in cash.

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