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Regal

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Cineworld to Sell Theaters Outside U.S./UK, Exit Chapter 11 Soon.
business2 years ago

Cineworld to Sell Theaters Outside U.S./UK, Exit Chapter 11 Soon.

Cineworld, the parent company of Regal, is nearing a comprehensive restructuring plan to exit Chapter 11 bankruptcy. The company has received interest from several parties for its business in Israel and Europe outside the UK, but no offers for the entire company or Regal in the US. Final bids are due on April 10, and a plan could be filed as soon as Wednesday. Debtors would end up owning 100% of the publicly trading company.