CEC Entertainment, owner of Chuck E. Cheese and Peter Piper Pizza and part of Queso Holdings Inc., announced that its merger agreement with Leo Holdings Corp. (NYSE: LHC) has been terminated, the companies announced in a news release Monday.
The reason for the terminated merger was not disclosed. Blank check company Leo Holdings cancelled its extraordinary general meeting for its shareholders scheduled for Tuesday.
The merger would have reintroduced CEC Entertainment, which is based in Irving, as a publicly traded company on the New York Stock Exchange with an anticipated enterprise value of about $1.4 billion. Apollo Global Management (NYSE: APO) acquired and took Queso Holdings private in 2014.
The public offering would have helped CEC Entertainment with freeing up capital and with its international growth.
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