1 hour, 4 minutes ago ATLANTA (Reuters) - Circuit City Stores Inc (CC.N) shares sank as much as 16 percent on Wednesday after Blockbuster Inc (BBI.N) abandoned its bid for the electronics retailer, saying a deal was not in the movie rental company's best interest amid current market conditions.Blockbuster shares were up more than 13 percent.
"We didn't believe that such a debt-laden marriage made sense and questioned the potential synergies that Blockbuster believed might have existed," Soleil Securities analyst Scott Tilghman, who follows Circuit City, said in a research note.
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