MUMBAI: Regal Entertainment Group has entered into an agreement to acquire nine theatres from AMC Entertainment Holdings, in exchange for cash and two Regal theaters.
The proposed acquisition will enhance Regal’s presence in Illinois, Indiana and Colorado. The transaction is expected to close during Regal’s fiscal second quarter and is subject to customary closing conditions.
"We expect the acquisition of these theaters to be accretive to cash flows and earnings. Accretive acquisitions are a key component of our overall business strategy and we look forward to a successful closing and integration of these assets," said Regal Entertainment Group CEO Amy Miles.