Owner of Odeon, UK’s biggest cinema chain, dismisses reports that rival Vue is poised for takeover that would create £3bn multiplex giant
The US owner of Odeon, the UK’s biggest cinema chain, has dismissed reports that rival Vue is poised for a takeover that would create a £3bn multiplex giant.
Potential bidders are said to have been eyeing Odeon since AMC Entertainment – which paid £920m for Odeon last year – suffered a £32m loss in the three months to September.
Adam Aron, AMC’s chief executive and president, said: ‘The rumour that Odeon might be sold to Vue is absolute rubbish.’
Aron said AMC could float a stake in Odeon in the next 18 months, but would retain majority ownership.
RELATED ARTICLES Previous 1 2 Next The... read more
- 16:03 VIDEO: 'Somebody out there knows what happened' - Top cop issues...
- 16:03 Riverside development will "transform" Castleford
- 16:02 Longridge's Palace Cinema opens bigger and better than ever before...
- 16:02 Man Utd transfer news: Cristiano Ronaldo has Real Madrid 'mission'...
- 16:01 Riverside development will "transform" Castleford
- 16:01 Boy, 14, sent home from school because ‘his haircut violated...
- 16:01 VIDEO: 'Somebody out there knows what happened' - Top cop issues...
- 16:00 Public Health England warns of measles outbreak at music festivals
- 15:59 Bouncebackability: a word coined for the play-offs that fits them...
- 15:59 Arsenal in talks with defender Stephan Lichtsteiner over free transfer
- 15:57 VIDEO: Decline in Puffin numbers on the Farnes
- 15:57 National award for Kettering teacher
- 15:56 Liverpool’s best Champions League final chant REVEALED – as chosen...
- 15:56 VIDEO: 'Somebody out there knows what happened' - Top cop issues...
- 15:55 Man accused of killing Sheffield toddler due back in court next week
- 15:54 World champion boxer Robin Reid takes to the ring with young Daniel...
- 15:53 Cow’s burps could become less damaging if we feed them seaweed
- 15:53 Man accused of killing Sheffield toddler due back in court next week
- 15:53 BREAKING NEWS: Person hit by train at Doncaster railway station
- 15:53 VIDEO: Decline in Puffin numbers on the Farnes
- 15:52 Liverpool star James Milner is BETTER than Cristiano Ronaldo – new...
- 15:52 Man accused of killing Sheffield toddler due back in court next week
- 15:52 RSC confirms David Walliams and Robbie Williams collaboration
- 15:52 Stratford skipper Whelan eyeing title challenge
- 15:51 Thunderstorms: What causes this extreme weather phenomena and can...
- 15:51 New gin bar and real ale pub on the way?
- 15:51 Scotland school clothing grant of £100 to relieve family pressure
- 15:51 Boy arrested over stabbing death of Sheffield teenager
- 15:50 Flood defences coming to Padiham
- 15:49 Taxi driver 'who rubbed groin' loses appeal to win back licence