Theater Chain Stock Plummets Over 30% After Revealing Shareholders Will Lose All Equity Amid Bankruptcy

Theater Chain Stock Plummets Over 30% After Revealing Shareholders Will Lose All Equity Amid Bankruptcy

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Cineworld, which owns popular chain Regal Cinemas, filed for Chapter 11 bankruptcy protection in the US in September 2022. It's been a rough few years for the movie theater business thanks to the pandemic, with related restrictions that saw many theaters without customers for months at a time. And…

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