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March 11, 2004

Cinemark theaters to be sold for $1B

DALLAS (AP) -- A private investment firm is close to an agreement to buy Cinemark USA Inc., the nation's third-largest movie-theater chain, for about $1 billion, The Wall Street Journal reported Wednesday.

Madison Dearborn Partners LLC would also assume $560 million in Cinemark debt, the newspaper reported, citing people familiar with the situation.

Officials at Cinemark and Madison Dearborn did not immediately return calls for comment Wednesday.

Plano-based Cinemark has more than 3,000 screens, mostly in the United States and South America.




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