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Weeks after Cineworld (GB:CINE) filed for bankruptcy in the U.S., its Canadian competitor Cineplex (TSE:CGX) has approached the cinema chain for a merger deal. Cineplex is considering striking a deal to merge with Cineworld’s U.S. division, Regal Entertainment. The Canadian company is in the early rounds of discussion with Cineworld''s lenders about supporting the deal. Cineplex offered to acquire Regal in a debt and stock deal supported by the new combined entity. Previously, Cineworld had announced it would buy Cineplex in 2019, which was later scrapped on account of breaches in the agreement. This led to Cineplex filing a lawsuit and winning it, along with damages worth $965 million.

On Wednesday, the Wall Street Journal reported that Canadian cinema chain operator Cineplex has reached out to the lenders of Cineworld to revitalise a potential merger with the bankrupt rival Regal Entertainment. However, Cineworld refused to comment on the said report. Reportedly, the two companies are locked-in a multi-million dollar… The post Canada-based Cineplex Approaches Cineworld Lenders over Merger with Regal Unit, Reports Says appeared first on Equitypandit .

Canadian cinema chain Cineplex has approached bankrupt rival Cineworld''s lenders for a potential merger with the British company''s U.S. unit Regal Entertainment, the Wall Street Journal reported on Wednesday.

Canadian cinema chain Cineplex has approached bankrupt rival Cineworld’s lenders for a potential merger with the British company’s U.S. unit Regal Entertainment, the Wall Street Journal reported on Wednesday. Cineworld and Cineplex have been locked in a multimillion-dollar legal battle since the London-listed company rescinded its offer to buy Cineplex more than two years ago. […]

Canadian cinema chain operator Cineplex has reached out to the lenders of Cineworld to revive a potential merger with the bankrupt rival’s Regal Entertainment, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Cineworld declined to comment on the WSJ report, while Cineplex did not immediately respond to a Reuters request […]

(Reuters) – Cineworld has approached its former dissenting shareholders of its U.S. division Regal Entertainment to further delay payments of its debt obligations, the British cinema chain operator said on Wednesday. The debt-laden company earlier reached a deal to delay final payments to the former Regal shareholders in February. (Reporting by Amna Karimi in Bengaluru; … Read More

(Reuters) – Cineworld Group Plc said on Tuesday it had started talks with former shareholders of its U.S. business Regal Entertainment over a potential rescheduling of the British cinema operator’s payment obligations.

Regencell Bioscience Holdings Ltd (RGC) shares closed today 10.8% lower than it did at the end of yesterday. The stock is currently down 7.4% year-to-date, up 181.0% over the past 12 months, and up 181.0% over the past five years. Today, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 1.1%. Trading Activity Shares traded as high as $36.00 and as low as $28.81 this week.Shares closed 50.0% below its 52-week high and 391.7% above its 52-week low.Trading volume this week was 55.7% higher than the 10-day average and 39.2% higher than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.0. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought. Market Comparative Performance The company's share price lags the S&P 500 Index today, beats it on a 1-year basis, and beats it on a 5-year basis The company's share price lags the Dow Jones Industrial Average today, beats it on a 1-year basis, and beats it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -5.2% The company's stock price performance over the past 12 months beats the peer average by 58.7% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.

(Reuters) – Cineworld Group Plc said on Tuesday it had started talks with former shareholders of its U.S. business Regal Entertainment over a potential rescheduling of the British cinema operator’s payment obligations.

Regencell Bioscience Holdings Ltd (RGC) shares closed today 10.8% lower than it did at the end of yesterday. The stock is currently down 7.4% year-to-date, up 181.0% over the past 12 months, and up 181.0% over the past five years. Today, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 1.1%. Trading Activity Shares traded as high as $36.00 and as low as $28.81 this week.Shares closed 50.0% below its 52-week high and 391.7% above its 52-week low.Trading volume this week was 55.7% higher than the 10-day average and 39.2% higher than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.0. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought. Market Comparative Performance The company's share price lags the S&P 500 Index today, beats it on a 1-year basis, and beats it on a 5-year basis The company's share price lags the Dow Jones Industrial Average today, beats it on a 1-year basis, and beats it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -5.2% The company's stock price performance over the past 12 months beats the peer average by 58.7% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.

Cineworld''s 2017 buyout of US chain Regal Entertainment has come back to bite, after the London-listed cinema operator pledged another $170m to placate Regal Entertainment shareholders who weren''t happy with the price they received for its takeover.