Reuters logo
Cineworld to buy U.S. peer Regal Entertainment for $3.6 bln
December 5, 2017 / 7:41 AM / in 6 days

Cineworld to buy U.S. peer Regal Entertainment for $3.6 bln

Dec 5 (Reuters) - British movie theatre operator Cineworld Group Plc said on Tuesday it reached an agreement to buy U.S. peer Regal Entertainment Group for $3.6 billion.

The deal value of $23 per Regal share represents a premium of 12 percent to Regal’s closing price on Monday and implies an enterprise value of $5.8 billion.

Regal share have risen 13.6 percent since Reuters first reported in November that Cineworld approached Regal for a potential merger. (Reporting by Arathy S Nair in Bengaluru; editing by Tom Pfeiffer)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below