Movie Tavern: 2 Houston-area movie theaters trade hands in $139M deal

Milwaukee-based Marcus Theatres on Feb. 1 closed on its acquisition of theater chain Movie Tavern, which included two Houston-area locations. The final value of the acquisition, which included $30 million in cash and 2.45 million shares of The Marcus Corp. (NYSE: MCS) common stock, was estimated at $139 million. That's a significant increase from the $126 million estimate from when the deal was announced in November, but Marcus' stock has risen roughly 14 percent since then. The purchase adds...