Deal Snapshot
REGAL ENTERTAINMENT AGREES TO CINEWORLD GROUP BUYOUT
Thursday 07 December 2017

US-based motion picture exhibitor owning and operating company Regal Entertainment Group has entered into a definitive merger agreement to be acquired by UK-based cinema owner Cineworld Group plc (LSE: CINE), the company said.
Under the terms of the agreement, Regal stockholders are to receive USD 23.00 in cash for each share of class A and class B common stock, for a total transaction value of USD 5.9bn, including the assumption of debt and net of cash acquired. The offer price represents a premium of 43.2% over Regal's 30-day unaffected weighted average share price of USD 16.06.


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Details
Date Published: 07/12/2017
Target: Regal Entertainment Group
Country: USA
Deal Size: 5.9bn (USD)
Sector: Media
Type: Corporate acquisition
Financing: Cash
Status: Agreed
Vendor:
Buyer: Cineworld Group
Comment:


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