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Owner of Madam Tussaud wax museums to go public

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Owner of Madam Tussaud wax museums to go public

Post by Admin on Mon Oct 21, 2013 7:21 pm

Owner of Madam Tussaud wax museums to go public

Oct. 21, 2013  

LONDON, Oct. 21 (UPI) -- Merlin Entertainments in London, proprietors of wax museums and Legoland, said they were poised to go public to raise funds to reduce their debts.
The company that owns Madame Tussaud's wax museums expects to raise about $323 million in an initial public stock offering, The New York Times reported Monday.

Merlin is owned by the Blackstone Group, CVC Capital and the Kristiansen family, which created Lego, but how large a portion of the company they will part with was unclear, the Times said.

The company, which recently announced it would open its fourth wax museum in Beijing and its sixteenth worldwide in 2014, reported earnings of $558.6 million in 2012.

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A Michael Jackson figure from the latter days of his career is on display at Madame Tussaud's famous wax museum, January 21, 2012, in Washington,D.C. The museum announced a traveling exhibit for the "King of Pop" and the unveiling of a two-foot high replica of the singer's iconic silver glove, marking the 40th anniversary of Jackson's debut as a solo artist on January 24, 1972. UPI/Mike Theiler

Michael Jackson transcended our imaginations and continues to uplift our souls and spirits through his tremendously meaningful life well lived.

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Re: Owner of Madam Tussaud wax museums to go public

Post by ijustcan'tstoplovinguMJ on Mon Oct 21, 2013 9:49 pm

i've seen something about that. it sounds really cool. i've only seen the glove tho. its incredable

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