AMC Theatres (NYSE: AMC) (“AMC”) and privately held Starplex Cinemas (“Starplex”) announced today they have entered into a definitive purchase agreement for AMC to acquire Starplex for approximately $172 million in cash, subject to working capital and other adjustments. When completed, AMC will operate approximately 380 theatres with 5,300 screens.
By broadening its footprint for delivering groundbreaking guest experience innovations — such as plush power-recliners, enhanced food and beverage, premium sight and sound, greater guest engagement and targeted programming – the acquisition will expand AMC’s proven ability to deliver an exceptional movie experience to more movie-goers.
Source: AMC Entertainment Holdings, Inc.
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