Blockbuster deal as Cineworld buys shelf

Cineworld has agreed to buy US cinema chain Regal to create, in a $3.6 bn (£2.7 bn) deal, the world’s second-largest cinema group.

The new cinema giant work in 10 countries, and have of 9,500 screens in the U.S. and Europe.

The offer is Cineworld access to North America, the largest box-office market in the world.

Cineworld currently has more than 2,000 screens 221 Websites and also owns the Picturehouse cinemas chain.

We fall out of love with the cinema?

This year, reinforced by Blockbuster Dunkirk and Despicable Me 3, with the last major releases, including Paddington 2 and Justice League.

Cineworld chief executive Mooky Grein things said: “the shelf is a great business and provides Cineworld with the optimal platform to continue our growth strategy.”

The news of the deal, shares in Cineworld by 2.5% in early trading sent.

In the past week. Cineworld shares fell by 20%, if the companies admitted that they were in takeover talks.

Cineworld has agreed to pay $23 a share for the shelf, and finances to shell out the offer, especially through the questions of the investors £1.7 bn through the purchase of new shares by way of a process known as a rights issue. The issue of new shares, usually pushes the price of the old shares.

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