Magazine article Screen International

Cineworld in 'Advanced Discussions' to Buy US Cinema Chain Regal

Magazine article Screen International

Cineworld in 'Advanced Discussions' to Buy US Cinema Chain Regal

Article excerpt

Deal could be worth $3.6bn.

Europe’s second-largest cinema operator Cineworld has confirmed that it is in “advanced discussions” to purchase US theatre chain Regal Cinemas.

A statement from the UK-based exhibitor said that it is finalising an all-cash offer of $23.00 per share for the US outfit. Reuters reports that the deal would value the company at $3.6bn.

Regal is one of the biggest cinema chains in the US, operating 561 theatres with 7,315 screens. …

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