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TUTOR PUTS UP $40 MILLION; MIRAMAX DEAL SHOULD CLOSE SOON

July 29, 2010 by · Leave a Comment 

Responding to a put-up-or-shut-up demand by Disney, construction magnate Ron Tutor and his partners on Wednesday agreed to pay Disney a nonrefundable $40 million as a down-payment on their reported $675-million deal to buy Miramax. Several analysts indicated that the deal could be completed today (Thursday) or on Friday.