Koch reschedule bank repayments as takeover talks continue

US independent Koch has announced it has entered into an agreement with its bank to put off any repayments due to be made at the end of last month to the end of March, at which time it will reduce its debts from $26 million to $15 million. Or something like that. As previously reported, a company called Clarke, currently a minority shareholder in Koch parent company Entertainment One, is reportedly looking to take over majority ownership of the whole company, and the firm's latest banking arrangements may be in preparation for that takeover.