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Cineworld in talks with former Regal shareholders over payments -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO A Cineworld at Leicester Square in London, Britain. October 4, 2020. REUTERS/Henry Nicholls

(Reuters) – Cineworld Group Plc announced Tuesday that it was in talks with ex-shareholders of Regal Entertainment, its U.S. subsidiary. The discussions concern a possible rescheduling for the British cinema operator’s payments obligations.

In September, the London-listed company announced it would pay $170million to shareholders unhappy with 2017’s price for the U.S. chain.

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