Cineplex Completes Sale of 27 Theatres to Empire Theatres

On September 30, 2005, Cineplex Galaxy LP completed its sale of 27 theatres with 202 screens located in Ontario and Western Canada to Empire Theatres Ltd. based in Stellarton, Nova Scotia. The transaction was valued at approximately $83 million. Cineplex Galaxy's sale of the theatres was required under the consent agreement it had entered into with the Commissioner of Competition in connection with its acquisition of Famous Players.

Empire Theatres was represented by a team from Stewart McKelvey Stirling Scales in Halifax led by Jim Dickson and Mark Bursey and including John Hope and Fraser MacFadyen. The Cineplex legal team was led by Cineplex Senior Vice-President and General Counsel, Anne Fitzgerald, with external legal support being provided by Daniel Gormley and Ken Herlin of Goodmans LLP.

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