Cineworld in talks to buy Re­gal En­ter­tain­ment

The Columbus Dispatch - - Market Summary - —Wire re­ports

Bri­tain’s Cineworld Group is in talks to pur­chase Re­gal En­ter­tain­ment Group, the movie-the­ater chain con­trolled by bil­lion­aire Philip An­schutz, for more than $3 bil­lion to dou­ble its size and cre­ate a big­ger in­ter­na­tional ri­val to in­dus­try leader AMC En­ter­tain­ment Hold­ings Inc.

The com­pa­nies are ne­go­ti­at­ing a price for Re­gal of $23 a share, they said in sep­a­rate state­ments, con­firm­ing ear­lier re­ports by Reuters and Bloomberg. The talks could still fall apart, the com­pa­nies said.

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