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. 
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26 November 2017 in Business, Views: 69
Source: Daily Mail
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