National CineMedia Shares Plunge After U.S. Sues
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National CineMedia Inc. shares fell 22 percent after the U.S. sued to stop the company’s planned $375 million purchase of its closest competitor.
National CineMedia, the largest supplier of commercials in movie theaters, said in May it was merging with Screenvision Cinema Network LLC, pending regulators’ approval. The merger would create a company providing advertising for almost 90 percent of U.S. movie screens.