Cineworld Shareholders Approve $3.6B Regal Acquisition

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Photo via Ernesto Andrade on Flickr under the Creative Commons License

The Hollywood Reporter reports: “U.K. cinema giant Cineworld, which currently has no theaters in the U.S, said Friday that its shareholders have approved its $3.6 billion deal to acquire U.S. exhibition powerhouse Regal Entertainment Group. The transaction, expected to close by early March, would make Cineworld the second-biggest movie exhibitor in the U.S., putting it in a better position to compete with AMC Theatres and possibly giving it more leverage in negotiations with Hollywood studios.”

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