Texas FEC operator bought by Australian firm

Posted Thursday, November 9, 2006 9:12 AM | Contributed by Jeff

A Dallas operator of six family entertainment centers in Texas has been acquired by an Australian concern in a cash deal worth up to $51 million. The purchase means the company could see its concept launched Down Under within a year. Main Event Entertainment was sold for $45 million to Macquarie Leisure Trust Group. The deal includes a $6 million "earnout" provision, meaning Main Event could receive that extra cash if it meets certain profitability targets in fiscal 2007.

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