Exclusive: Cineworld in talks with Regal Entertainment about merger - sources

Reuters News
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Posted: Nov 28, 2017 2:46 PM

(Reuters) - Cineworld Group Plc, a British operator of movie theaters, is in talks with U.S. peer Regal Entertainment Group about a potential merger, people familiar with the matter said on Tuesday.

Cineworld's offer values Regal at around $23 per share, one of the sources said. There is no certainty the discussions will lead to a deal, the sources added, asking not to be identified because the discussions are confidential.

Cineworld and Regal Entertainment did not immediately respond to requests for comment.

(Reporting by Liana B. Baker in New York and Ben Martin in London; Editing by Bill Rigby)