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UK: Cineworld shareholders approve US$3.6b Regal acquisition

By  |  February 4, 2018

Cineworld said 87.34% of votes cast at a general meeting in London on Friday, February 2, were in favor of its proposed deal to buy Regal Cinemas.

Late on Friday, Cineworld said in a market announcement that Denver-based The Anschutz Corporation—the largest shareholder in Regal Entertainment—has submitted its written consent to the deal.

Cineworld said all company and Regal shareholder approvals needed to go ahead with the deal have been received, adding that it expects to complete on or before March 2.

The acquisition will give the British company a presence in the US market and transform it into the world’s second-biggest cinema chain by number of screens, with more than 7,300 screens worldwide according to The Hollywood Reporter.

Full Content: Hollywood Reporter & CityAM

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