U.K. Exhibitor Cineworld to Acquire Regal for $3.6 Billion

U.K. cinema giant Cineworld has reached an agreement to acquire U.S. sector powerhouse Regal Entertainment Group for $3.6 billion. The deal will “create a globally diversified cinema operator across 10 countries and allow Cineworld to access the attractive North American cinema market,” with Regal getting a chance to look for a better offer. Cineworld will pay $23 per Regal share in cash, bringing the deal’s value to $3.6 billion. Cineworld said the “implied enterprise value” of the transaction is $5.8 billion.