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BRIEF-Regal Entertainment Says Cineworld Deal Includes Termination Fees In Some Situations
December 5, 2017 / 11:41 AM / 10 days ago

BRIEF-Regal Entertainment Says Cineworld Deal Includes Termination Fees In Some Situations

Dec 5 (Reuters) - Regal Entertainment Group:

* SAYS IF CINEWORLD DEAL TERMINATED UNDER SOME CIRCUMSTANCES SPECIFIED IN AGREEMENT, CO TO HAVE TO PAY CINEWORLD GROUP FEE OF $95.2 MILLION

* SAYS TERMINATION FEE TO BE LOWERED TO $36.3 MILLION IF TERMINATION RELATES TO DEAL PROPOSAL SUBMITTED PRIOR TO EXPIRATION OF GO-SHOP PERIOD

* SAYS IF DEAL TERMINATED BY EITHER CINEWORLD OR CO, BECAUSE DEAL NOT COMPLETED BY JUNE 5, 2018, OTHER REASONS, CO TO PAY CINEWORLD A FEE OF $75 MILLION

* SAYS IF DEAL TERMINATED UNDER CERTAIN CIRCUMSTANCES, CO WILL HAVE TO PAY CINEWORLD GROUP A FEE OF $20.2 MILLION - SEC FILING Source text: (bit.ly/2AZB86A) Further company coverage:

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