Reuters logo
BRIEF-AMC reaches agreement with National Cinemedia enabling close co-operation going forward
March 10, 2017 / 10:27 PM / 8 months ago

BRIEF-AMC reaches agreement with National Cinemedia enabling close co-operation going forward

March 10 (Reuters) - AMC Entertainment Holdings Inc:

* AMC Entertainment Holdings Inc announces beneficial resolution of two matters

* AMC Entertainment Holdings Inc - AMC reaches agreement with National Cinemedia Inc enabling close co-operation going forward

* AMC Entertainment - reached an agreement that enables AMC to comply with department of justice’s final order on AMC’s acquisition of Carmike Cinemas, Inc

* Accounting impacts related to NCM agreement will occur in 2017 and beyond

* Amc divesting fewer than 20 Theatres from AMC and Carmike networks

* AMC Entertainment Holdings - AMC continuing, with a few specific exceptions, to own at least 4.5% of total equity of NCM for at least next ten years

* AMC Entertainment Holdings Inc - AMC absorbing up to $1 million of NCM’s legal and professional expenses associated with NCM reaching the agreement

* AMC Entertainment Holdings Inc - also settles unrelated litigation

* AMC Entertainment Holdings - on March 8, reached agreement to settle for $7 million lawsuit filed several years ago that was still pending as of Dec 31, 2016

* Deal includes AMC receiving a net of more than 13.75 million shares from NCM Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below