Loews merger deal closes

New company wields 2,700 screens

Loews Theatres Exhibition Group and Cineplex Odeon completed their merger Thursday after receiving approval from the Dept. of Justice in April, creating Loews Cineplex Entertainment Corp. as the surviving entity.

The merged company ranks among the largest theater exhibitors in North America, with some 2,700 screens in approximately 425 theaters. Stock in Loews Cineplex was formerly that of the publicly traded Cineplex Odeon –adjusted 1:10 in a reverse split to close Thursday at $17.50.

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