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Open Road Films enters $87.5-million acquisition agreement with anonymous bidder

Open Road said in Tuesday’s filing that the agreed-to price of $87.5 million will serve as a floor for the bidding process. In addition, the studio said it will pay the anonymous, or “stalking horse,” bidder $2.1 million in the event that the transaction doesn’t go through, as well as $800,000 in costs related to the bid.