Dalsa and Arri Unable to Make a Deal

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Mon, 01/26/2009 - 19:00 -- Nick Dager

Dalsa Corporation is shuttering its digital cinema operations after an unsuccessful attempt to sell some of the unit's assets to German company Arris the Canadian Press has reported. A Dalsa spokesman told the Press that it has closed its cinema equipment rental facility in Woodland Hills California and terminated or redeployed the division's staff. The company has failed to reach agreement with ARRI as to acceptable terms on a definitive agreement Dalsa said in a statement. As a result the company set aside discussions with Arri and the company is currently pursuing other alternatives to maximize value of its digital cinema operations. Dalsa previously announced it was committed to eliminating the ongoing losses in its digital cinema division by the end of 2008 and was hoping to sell certain assets of the division's assets to Arri.