The Image Entertainment Inc. Board of Directors will meet this week to discuss the status of a proposed merger with a private investment firm. The deal between Chatsworth-based Image and BTP Acquisition Co. has not closed as the two sides have accused the other of breaching their contract. In October, Image shareholders approved a deal in which they would receive cash in exchange for BTP acquiring 94 percent of the home entertainment production and distribution company’s common stock. Image and BTP agreed to extend the closing date until Feb. 5.
