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May 21, 2001 		Feedback  
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Film Roman calls off Pentamedia deal

US-based animation producer Film Roman Inc has terminated an agreement to sell an equity stake to Indian animation firm Pentamedia Graphics Ltd, the firm informed the Securities and Exchange Commission at the weekend.

Earlier this month, the two firms had said Pentamedia would buy a 49.5 per cent stake in Film Roman for a consideration not exceeding $10 million in value.

"Film Roman has terminated the transaction between the two parties, " the firm said in the filing.

Pentamedia said in a statement it was "caught unawares with this new development and our legal counsels are finding out the rationale".

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