Cineworld shares tank after Regal Cinemas owner ditches plans to sell US, UK businesses

Cineworld shares tank after Regal Cinemas owner ditches plans to sell US, UK businesses

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Shares in Cineworld plunged more than 30% Monday, hitting their lowest level since late August, after the owner of Regal Cinemas said it planned to terminate efforts to sell its US, UK and Irish businesses. The world’s second-largest movie theater chain also announced a debt restructuring plan…

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