Regal to buy Hollywood Theaters for about $191M

KNOXVILLE, Tenn. (AP) — Regal Entertainment Group said Tuesday that it reached a deal to buy Hollywood Theaters for about $191 million in cash.

The acquisition also includes $47 million of assumed lease obligations and certain working capital. And the cash to be paid includes the repayment of about $157 million of Hollywood Theaters' debt, Regal said.

The Knoxville, Tenn.-based movie theater owner said the deal includes 43 theatres with 513 screens 16 states and three U.S. territories. Regal said it expects the acquisition to boost its cash flows and profits. It's expected to close in the second quarter.

Regal shares rose 16 cents to $15.49 in morning trading.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:


6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2015 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 191840281 -
Gray Television, Inc.