Cineworld to pay $170 million to dissenting Regal shareholders By Reuters

0
29
© Reuters. FILE PHOTO: People enter a Cineworld cinema following the outbreak of the coronavirus disease near Manchester, Britain, October 4, 2020. REUTERS/Phil Noble

(Reuters) – Cineworld, the world’s second-largest movie theatre operator, said on Friday it will pay $170 million to Regal Entertainment shareholders, who were against the London-listed company’s takeover of the U.S. chain in 2017.

According to an agreement, $92 million will be held in escrow and be available to Cineworld as additional liquidity under certain circumstances for the payment, Cineworld said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.