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Topic: AMC 's latest grab
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Scott Madsen
Film Handler
Posts: 58
Registered: Oct 1999
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posted 01-29-2002 06:37 PM
AMC Entertainment to Acquire Gulf States TheatresKANSAS CITY, Mo., Jan 29 (Reuters) - Movie theater operator AMC Entertainment Inc. (AMEX:AEN - news) said on Tuesday it will acquire the operations of Gulf States Theaters and take over Gulf's theater lease agreements with Entertainment Properties Trust (NYSE:EPR - news). Terms of the agreements were not disclosed, but Kansas City, Missouri-based AMC, which operates 177 theaters with 2,836 screens worldwide, said it expects to complete both transactions by March 1. Gulf States operates five stadium-style megaplex theaters with 68 screens in the New Orleans area. The acquisition is the second recently announced by AMC. In December, the company said it had signed a letter of intent to acquire GC Companies Inc., parent company of General Cinema Theaters.
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