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Cineworld, Regal in Blockbuster $5.9B Merger
British movie chain Cineworld agreed to buy U.S. theater giant, Regal Entertainment Group, for a total transaction value of $5.9 billion, including $3.6 billion in cash. The deal will significantly expand Cineworld’s scale and geographic footprint, since it primarily operates in Europe and is expected to close in Q1 2018.
The deal will also create the world’s second-largest movie theater owner, with more than 9,500 screens in 10 countries. The merger is anticipated to allow Cineworld-Regal to better compete with AMC Entertainment, which is owned by China’s Dalian Wanda.
Cineworld Group PLC’s Mooky Greidinger said, “We have long had high respect for Regal and for its strong position in the largest box office market in the world, and we are delighted that the Regal Directors have unanimously approved the agreement. Regal is a great business and provides Cineworld with the optimal platform on which we can continue our growth strategy.”
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- ◦Sale/Acquisition


