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.

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 in these capacities following the acquisition, and will retain a small equity

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