Cineworld In Talks To Buy US Rival Regal In $3.06B Deal

Law360, New York (November 29, 2017, 12:31 PM EST) -- Cineworld Group PLC is in talks to buy fellow movie theater operator Regal Entertainment Group in an all-cash deal potentially valued at more than $3 billion, the European giant confirmed Wednesday.

According to Cineworld’s announcement, the talks center on a potential deal to acquire its U.S. peer for $23 in cash per share. Regal clarified in its own announcement Tuesday that no concrete deal has been reached, nor is a future agreement set in stone, adding that the company does not plan on commenting until a...
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