Cineworld to pay $170 million to Regal shareholdersAccording to an agreement, $92 million will be held in escrow and be available to Cineworld as additional liquidity under certain circumstances for the payment
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Representative image. Credit: Reuters Photo
Cineworld, the world's second-largest movie theatre operator, said on Friday it will pay $170 million to Regal Entertainment shareholders, who were against the London-listed company's takeover of the US chain in 2017.
According to an agreement, $92 million will be held in escrow and be available to Cineworld as additional liquidity under certain circumstances for the payment, Cineworld said.
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