Purchase of Starplex Cinemas
Our attorneys obtained antitrust clearance for AMC Entertainment’s US$172 million purchase of Starplex Cinemas. The transaction was reviewed by the Department of Justice. As noted by AMC’s CFO, Craig Ramsey: “This transaction adds a number of complementary non-urban and suburban markets to our portfolio, allowing us to serve a wider spectrum of guests while broadening our movie going appeal. We believe that through this transaction, we’ve created value for guests and shareholders through the delivery of innovative new amenities which is expected to deliver incremental revenue, earnings and operating cash flow and to position us for further growth”.