Regal in talks with Cineworld about possible buyout

Cinemas News

Regal Entertainment Group, one of the largest theatre circuits in the United States, today confirmed that it is currently engaged in discussions with Cineworld Group plc about a possible all-cash acquisition of Regal at a price of $23 per share. No agreement has been reached, and there is no assurance that any transaction will result. Regal Entertainment Group said it does not intend to make any further comment, or respond to any inquiries, until an agreement, if any, is reached, or discussions have been terminated.