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Cineworld Reaffirms Plans to Close $2.1 Billion Deal for Cineplex Theater Chain
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Canadian exhibition giant Cineplex on Thursday said its U.K.-based suitor, Cineworld Group, which also owns the Regal Entertainment Group, remains committed to completing a $2.1 billion acquisition to create one of the world's largest cinema companies with over 11,200 screens globally. "Cineworld has advised Cineplex that it remains committed to closing the transaction on or prior to the outside date of June 30, 2020. ...
However, there can be no assurance that the conditions to closing the transaction will be satisfied by the outside date," Cineplex said in a statement.
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