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DOJ REQUIRES DIVESTITURES IN PROPOSED MERGER BETWEEN REGAL CINEMA AND CONSOLIDATED THEATERS

Doyle, Barlow & Mazard PLLC

On April 29, 2008, the DOJ required the divestiture of assets of Regal Cinema (“Regal”) and Consolidated Theatres Holding GP (“Consolidated”) in three metropolitan areas in North Carolina in order for the $210 million merger between the companies to proceed. The DOJ believes that the transaction would have resulted in less competition and higher ticket prices at the Crown Point 12 Cinema in Charlotte, the Raleigh Grand in Raleigh, the Town Square 10 in Garner (a suburb of Raleigh) and Hollywood 14 in Asheville, NC.
Regal is based in Knoxville, TN owning and operating 540 theaters in 39 states and the District of Columbia. Consolidated, a North Carolina partnership, owns and operates 28 theaters in Georgia, Maryland, North Carolina, South Carolina, Tennessee and Virginia.


Andre Barlow

(202) 589-1834
abarlow@dbmlawgroup.com

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