UK's Cineworld on track to complete Regal deal in March
Reuters | February 02, 2018
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UK’s Cineworld (CINE.L) said its $3.6 billion deal to buy U.S. cinema chain Regal Entertainment (RGC.N) was on track to close in March after it secured support from a majority of its own shareholders and the largest investor in Regal on Friday.Cineworld said 87.34 percent of votes cast at a general meeting in London on Friday were in favor of the deal.Shareholder advisory group Institutional Shareholder Services (ISS) had urged investors last week to oppose the deal, citing “significant financial and operation risks.”