The Urge to Merge
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Touchstone’s landlord has already taken the company to court for nonpayment of rent. The matter was resolved after an out-of-court agreement was reached for the theater to stay in the building through June 30, when their lease expires. The situation forced Marlowe to begin looking for another home. Her search included both the Athenaeum and the Organic, where negotiations soon progressed to talks of a full merger between the two companies.
Touchstone’s landlord told the dailies he was looking for a new tenant among some younger theater companies. But during the last week he’s indicated that he might be willing to reopen negotiations with Touchstone. Yet Marlowe and Wood both believe the theater would ultimately be better served by merging with the Organic and moving into that company’s space.
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