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Cineworld to pay $170 mln to dissenting Regal shareholders

Sept 10 (Reuters) - Cineworld, the world’s second-largest movie theatre operator, said on Friday it will pay $170 million to Regal Entertainment shareholders, who were against the London-listed company’s takeover of the U.S. chain in 2017.

According to an agreement, $92 million will be held in escrow and be available to Cineworld as additional liquidity under certain circumstances for the payment, Cineworld said. (Reporting by Muvija M in Bengaluru; Editing by Shounak Dasgupta)

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