Gene Maddaus Senior Media WriterAMC Theatres is asking a court’s permission to reacquire 10 theaters it divested as part of the Carmike Cinemas merger, after the new operator was forced to liquidate due to the COVID-19 pandemic.AMC agreed to divest 15 theaters in nine states in order to win Department of Justice approval for the merger, which made it the largest chain in North America.
AMC and Carmike were the two major competitors in those 15 markets, and the DOJ feared that without a divestiture, AMC would hold a monopoly that would harm consumers.The cinemas were acquired by New Vision Theatres, a firm that launched in 2017 with the backing of Beekman Investment Partners, a private equity firm.But New Vision, like every other cinema.
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