A PYMNTS Company

US: Chuck E. Cheese parent calls off Leo Holdings deal

 |  July 30, 2019

Restaurant chain Chuck E. Cheese parent CEC Entertainment announced on Monday, July 29, it was terminating its decision made in April to merge with Leo Holdings, a blank check company.

The two companies did not disclose the reason for the termination. The deal would have reintroduced CEC as a public listed company on the New York Stock Exchange.

Irving, Texas-based CEC is owned by Queso Holdings and was taken private by Apollo Global Management in 2014 for US$1.3 billion, including debt.

Queso Holdings stated it had canceled the extraordinary general meeting scheduled for Tuesday.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.