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Topic: AMC and Loews?

Paul Konen
Jedi Master Film Handler

Posts: 981
From: Frisco, TX. (North of Dallas)
Registered: Jun 99

posted 11-19-2003 12:37 PM

Here's the latest:

KANSAS CITY, Mo.--(BUSINESS WIRE)--Nov. 19, 2003--AMC Entertainment Inc. (AMEX:AEN - News), one of the world's leading theatrical exhibition companies, confirmed today that it is engaged in preliminary discussions with Loews Cineplex Entertainment Corporation about a possible business combination.
No assurances can be given that an agreement between the parties can be reached or, if an agreement is reached, that any such transaction will be completed. The Company does not intend to make any further public announcement concerning this possible transaction unless and until a definitive agreement has been signed or discussions have been terminated.

AMC Entertainment Inc. is a leader in the theatrical exhibition industry. Through its circuit of AMC Theatres, the Company operates 232 theatres with 3,507 screens in the United States, Canada, France, Hong Kong, Japan, Portugal, Spain, Sweden and the United Kingdom. Its Common Stock trades on the American Stock Exchange under the symbol AEN. The Company, headquartered in Kansas City, Mo., has a website at www.amctheatres.com.

Any forward-looking statements contained in this release, which reflect management's best judgment based on factors currently known, involve risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements included herein as a result of a number of factors, including among others the Company's ability to enter into various financing programs, the performance of films licensed by the Company, competition, construction delays, the ability to open or close theatres and screens as currently planned, domestic and international political, social and economic conditions, demographic changes, increases in demand for real estate, changes in real estate, zoning and tax laws, unforeseen changes in operating requirements, the Company's ability to identify suitable acquisition candidates and to successfully integrate acquisitions into its operations and results of significant litigation.

--------------------------------------------------------------------------------
Contact:
AMC Entertainment Inc.
Richard J. King, 816-221-4000

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Sean McKinnon
Phenomenal Film Handler

Posts: 1712
From: Peabody Massachusetts
Registered: Sep 2000

posted 11-19-2003 05:47 PM

From what I hear this rumor could be very very true...

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Darren Crimmins
Expert Film Handler

Posts: 130
From: Dallas, TX, USA
Registered: Jan 2002

posted 11-19-2003 05:53 PM

"Of course, customer service took a hit but the company made out fairly well."

Because that is what really counts. [Mad]

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Adam Martin
I'm not even gonna point out the irony.

Posts: 3686
From: Dallas, TX
Registered: Nov 2000

posted 11-19-2003 09:28 PM

quote:
AMC Entertainment Inc. Confirms Preliminary Discussions

KANSAS CITY, Mo. (November 19, 2003)--AMC Entertainment Inc. (AMEX: AEN), one of the world's leading theatrical exhibition companies, confirmed today that it is engaged in preliminary discussions with Loews Cineplex Entertainment Corporation about a possible business combination.

No assurances can be given that an agreement between the parties can be reached or, if an agreement is reached, that any such transaction will be completed. The Company does not intend to make any further public announcement concerning this possible transaction unless and until a definitive agreement has been signed or discussions have been terminated.

AMC Entertainment Inc. is a leader in the theatrical exhibition industry. Through its circuit of AMC Theatres, the Company operates 232 theatres with 3,507 screens in the United States, Canada, France, Hong Kong, Japan, Portugal, Spain, Sweden and the United Kingdom. Its Common Stock trades on the American Stock Exchange under the symbol AEN. The Company, headquartered in Kansas City, Mo., has a website at www.amctheatres.com.

Any forward-looking statements contained in this release, which reflect management's best judgment based on factors currently known, involve risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements included herein as a result of a number of factors, including among others the Company's ability to enter into various financing programs, the performance of films licensed by the Company, competition, construction delays, the ability to open or close theatres and screens as currently planned, domestic and international political, social and economic conditions, demographic changes, increases in demand for real estate, changes in real estate, zoning and tax laws, unforeseen changes in operating requirements, the Company's ability to identify suitable acquisition candidates and to successfully integrate acquisitions into its operations and results of significant litigation.

Contact:
Richard J. King, Senior Vice President, Corporate Communications
AMC Entertainment Inc.
(816) 221-4000

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Daryl C. W. O'Shea
Film God

Posts: 3977
From: Midland Ontario Canada (where Panavision & IMAX lenses come from)
Registered: Jun 2002

posted 11-19-2003 09:32 PM

Wow, that article looks a lot like the one posted here.

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Adam Martin
I'm not even gonna point out the irony.

Posts: 3686
From: Dallas, TX
Registered: Nov 2000

posted 11-20-2003 05:00 AM

So it does ... Paul needs to stop copying my ideas before I get them. [Smile]

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Dean Kollet
Jedi Master Film Handler

Posts: 591
From: Florida State University
Registered: Jul 2003

posted 11-25-2003 08:54 AM

quote:
Also, did AMC ever file? I don't recall hearing that.

I don't think they did, I work at one here in Tallahassee, and my manager(s) told me that we didn't b/c we have revenue from NCN (an AMC-owned company) that helped us when times got shitty...

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Daryl C. W. O'Shea
Film God

Posts: 3977
From: Midland Ontario Canada (where Panavision & IMAX lenses come from)
Registered: Jun 2002

posted 01-23-2004 12:19 AM

http://www.reuters.com/newsArticle.jhtml?type=industryNews&storyID=4190436

quote:
AMC Says Merger Talks with Loews Cineplex End
Thu January 22, 2004 05:31 PM ET

LOS ANGELES (Reuters) - Movie theater operator AMC Entertainment Inc. on Thursday said it has ended talks with Loews Cineplex Entertainment Corp. about a possible merger.
AMC did not offer any details about why the talks ended. The two sides said they were in talks in mid-November about a combination that would have created one of the largest theater chains in the country.

Reuters/VNU

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Robert D. LaValley
Film Handler

Posts: 58
From: Florida
Registered: Aug 2003

posted 01-23-2004 04:30 AM

Washington decided to step in and let microsoft by AMC, loews, cinemark, and any other chain that regal doesn't own yet. [Eek!]

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