Cineworld fixes the price for its £1.7bn rights offer to finance US expansion

Cineworld, one of the biggest cinema operators in the UK, has set the terms for a £1.7bn rights issue to finance its reverse takeover of Regal Entertainment, a US peer.

  • By Aidan Gregory
  • 18 Jan 2018

The four-for-one deal is fully underwritten by Barclays, HSBC and Investec Bank. It will consist of 1.1bn new shares at an offer price of 157p a share.

That is a discount of 34% to the theoretical ex-rights price and 72% to the closing price of Cineworld on ...

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