AMC completes acquisition of Starplex Cinemas

An AMC Theatres marquee in New York. | Courtesy of Wally Gobetz/Flickr
An AMC Theatres marquee in New York. | Courtesy of Wally Gobetz/Flickr

Leawood, Kan.-based AMC Entertainment Holdings Inc. announced Wednesday the completion of its acquisition of Starplex Cinemas.

The deal, which was announced earlier this year, was valued at $172 million.

AMC interim CEO Craig Ramsey, who will be replaced by Adam M. Aron in January, said the transaction will allow for “innovative new amenities…expected to deliver incremental revenue, earnings and operating cash flow and to position us for further growth.”

With this transaction, AMC will operate 379 theaters with more than 5,260 screens.


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