Related: China’s Wanda Group Agrees To Pay $2.6B For AMC EntertainmentBEIJING, China and KANSAS CITY, Mo., July 25, 2012 — Dalian Wanda Group Co., Ltd.
(“Wanda”), a leading Chinese private conglomerate and China’s largest investor in cultural and entertainment activities, and AMC Entertainment Holdings, Inc.
(“AMC”), a preeminent U.S. movie exhibitor, today announced they have received all necessary regulatory approvals in the U.S. and China for the planned acquisition of AMC by Wanda.Wanda and AMC have received notice from the Committee on Foreign Investment in the U.S. (“CFIUS”) that CFIUS has cleared the transaction.
The companies had previously received notice from the U.S. Federal Trade Commission of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act in relation to the transaction.
Furthermore, the National Development and Reform Commission (NDRC), China’s top economic planning agency, has given Wanda approval to proceed with its proposed acquisition, as have China’s Ministry of Commerce and State Administration of Foreign Exchange.With all regulatory review now concluded, Wanda and AMC expect to complete the transaction at the end of August.Related: Big Changes At AMC Entertainment: Q&A With Gerry Lopez... See Complete Article @ Deadline Hollywood