Regal Parent Cineworld Has Reached Out To 30 Potential Buyers As It Pursues Sale, Initial Bids Due Next Month

Regal Parent Cineworld Has Reached Out To 30 Potential Buyers As It Pursues Sale, Initial Bids Due Next Month

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Regal parent Cineworld said it’s opted to pursue a sale of assets and the process “is well under way” with non-binding bids due Feb 16. The company said in a bankruptcy filing that it’s reached out to 30 “potential transaction parties” including many competitors. If the debtors (Cineworld and its…

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