Cineworld To Acquire Canada’s Cineplex For $2.1B, Making Regal North America’s Largest Exhibition Circuit
. The deal would see Cineworld pay C$34 per share in cash and would make Regal the largest cinema circuit in North America by number of screens. The acquisition is unanimously supported by Cineworld’s Board of Directors.
A debt-financed acquisition, it remains subject to Cineworld and Cineplex shareholder approval, and other regulatory approvals. Completion is expected by the end of the first half of 2020. Cineworld’s largest shareholder has agreed to vote in favor of the acquisition.says, “Cineplex is a great business. It is the number one cinema operator in Canada and is well positioned for further growth.
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