Hal Roach Studios and Ray Stark ended their talks.

Hal Roach Studios and Ray Stark Productions said they were unable to reach a definitive agreement on the studio’s acquisition of the independent movie producer. Last October they had announced a “non-binding letter of intent” for Roach to exchange stock for Ray Stark Productions and its subsidiary, Rastar Productions. Hal Roach President Robin French said Stark is “still welcome” as a “significant stockholder.”