SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
September 30, 1997 (July 25, 1997)
GC COMPANIES, INC.
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(Exact name of Registrant as specified in its charter)
Delaware 1-12360 04-3200876
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(State of Incorporation) (Commission File No.) (IRS Employer
Identification No.)
27 Boylston Street
Chestnut Hill, Massachusetts
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(Address of principal executive offices)
(617) 278-5600
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(Registrant's telephone number)
No Change
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
Pursuant to a Stock Purchase Agreement, dated as
of July 25, 1997, as amended by Amendment No. 1, dated
as of September 24, 1997 (as amended, the "Agreement"),
by and among General Cinema International, Inc. (the
"Buyer"), United Artists Theatre Circuit, Inc., UA
Mexico Holdings, S.A. de C.V. ("UA Mexico"), UATC
Europe B.V. ("UATC Europe") and Fondo Optima, S.A. de
C.V. ("Fondo Optima"), the Buyer agreed, subject to the
satisfaction of certain conditions, to purchase (1)
from UA Mexico, all of the issued and outstanding
capital stock of (i) Cinemas United Artists, S.A. de
C.V., (ii) Servicios Cinematograficos Especializados,
S.A. de C.V. and (iii) Operadora de Cinemas, S.A. de
C.V., owned by UA Mexico; and (2) from UATC Europe and
Fondo Optima, all of the issued and outstanding capital
stock of Cinemas United Artists de Argentina, S.A.,
owned by UATC Europe and Fondo Optima, respectively.
Upon satisfaction of the conditions in the
Agreement, including the negotiation and documentation
of certain agreements between the Buyer and Fondo
Optima, the closing under the Agreement took place on
September 26, 1997.
On September 29, 1997, GC Companies, Inc. issued
a press release, which is attached hereto as Exhibit
99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits:
10.18 Stock Purchase Agreement, dated as of July
25, 1997, by and among General Cinema
International, Inc., United Artists Theatre
Circuit, Inc., UA Mexico Holdings, S.A. de
C.V., UATC Europe B.V. and Fondo Optima,
S.A. de C.V.
10.19 Amendment No. 1, dated as of September 24,
1997, by and among General Cinema
International, Inc., United Artists Theatre
Circuit, Inc., UA Mexico Holdings, S.A. de
C.V., UATC Europe B.V. and Fondo Optima,
S.A. de C.V.
99.1 Press Release entitled "GC Companies, Inc.
Purchases Theatre Assets in Mexico and
Argentina - General Cinema Theatres Expands
into Latin America."
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
Date: September 30, 1997
GC COMPANIES, INC.
(Registrant)
By: /s/ Robert A. Smith
__________________________
Name: Robert A. Smith
Title: President and Chief
Operating Officer
EXHIBIT INDEX
Exhibit
Number Description
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10.18 Stock Purchase Agreement, dated as of July
25, 1997, by and among General Cinema
International, Inc., United Artists Theatre
Circuit, Inc., UA Mexico Holdings, S.A. de
C.V., UATC Europe B.V. and Fondo Optima, S.A.
de C.V.
10.19 Amendment No. 1, dated as of September 24,
1997, by and among General Cinema
International, Inc., United Artists Theatre
Circuit, Inc., UA Mexico Holdings, S.A. de
C.V., UATC Europe B.V. and Fondo Optima, S.A.
de C.V.
99.1 Press Release entitled "GC Companies, Inc.
Purchases Theatre Assets In Mexico And
Argentina - General Cinema Theatres Expands
Into Latin America."