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Kerasotes sells theaters to Kansas City’s AMC

Kerasotes ShowPlace Theatres LLC announced Tuesday that it has agreed to sell all but three of its movie houses to AMC Entertainment Inc. of Kansas City.

Providence Equity Partners, which became a majority owner of Kerasotes Showplace Theatres in 2003, wanted to cash out of its investment, said Jim DeBruzzi, Kerasotes Showplace’s chief financial officer.

[Crain’s Chicago Business]