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Article: Coming Attractions Look Better for Newport Beach, Calif.-Based Theater Chain.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- May 25, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Andrew Bluth, The Orange County Register, Calif. Knight Ridder/Tribune Business News
May 25--NEWPORT BEACH, Calif.--The reorganization plan filed Thursday by Edwards Theatres Circuit Inc. marks the final stage in the company's quest to emerge from bankruptcy.
Though subject to approval by creditors and a federal judge, the plan calls for an end of the Edwards family's control of the Newport Beach chain.
Specifics of the plan, which has been agreed to in principle by the creditors committee but may still be tweaked, calls for the family to give up a majority stake in the company in exchange for a $56 million investment by Denver billionaire ...