AMC Entertainment to buy Europe's Odeon & UCI Cinemas

AMC Entertainment Holdings said on Tuesday it would buy London-based Odeon & UCI Cinemas Group to create the world’s largest movie theater operator, marking the first big deal by a U.S. company to buy a British firm since the Brexit vote.

AMC, the No.2 movie theater chain in North America, will buy Odeon from Guy Hands’ private equity firm Terra Firma in a deal valued at about 921 million pounds ($1.21 billion).

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