Cineplex Rises After Report It’s Considering Regal Merger
- Canadian firm has received court judgment over broken deal
- Cineworld filed for bankruptcy with $5 billion in debt
A customer buys concessions inside a Cineplex Cinemas movie theater in Toronto.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Canadian theater chain Cineplex Inc. jumped 6% after a report that it has weighed a merger with Cineworld Group Plc’s US arm and has discussed a potential deal with the UK company’s lenders.
Cineplex has proposed taking over Regal Entertainment Group, and would give Cineworld’s lenders debt and stock backed by the combined entity, the Wall Street Journal said Wednesday, citing people with knowledge of the talks who it didn’t identify.