Published: 23 June 2005
Major US cinema companies AMC Entertainment Inc & Loews Cineplex Entertainment Corp said on 21 June they planned to merge their businesses and their holding companies would also merge.
Loews’ holding company, LCE Holdings Inc, would be submerged in Marquee Holdings Inc, the AMC holding company which is controlled by affiliates of JP Morgan Partners LLC & Apollo Management LP. LCE’s investors include affiliates of Bain Capital Partners, The Carlyle Group & Spectrum Equity Investors, which would hold about 40% of the post-merger holding company.
The merged operator, retaining the AMC Entertainment name, will have its headquarters in Kansas City, Missouri, rather than New York, where Loews is based. It will own, manage or have interests in 450 cinemas with about 5900 screens in 30 US states & 13 other countries.
Websites: AMC Theatres