Bow Tie Cinemas and Cablevision Systems Corporation today announced the completion of Bow Tie's acquisition of substantially all of the Clearview Cinemas theatres from Cablevision.
With this acquisition, Bow Tie Cinemas becomes the eighth largest theatre circuit in the United States.
The company now has the largest number of theatre locations in the New York metropolitan area.
Financial terms of the transaction were not disclosed.
Williams Mullen acted as legal advisor to Bow Tie Cinemas and Anchin, Block & Anchin acted as financial advisor. Citi acted as financial advisor to Cablevision and Hughes Hubbard & Reed acted as legal advisor.
Bow Tie Cinemas www.bowtiecinemas.com.