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Stock Market & Financial Investment News

News Breaks
February 19, 2013
09:26 EDTRGCRegal Entertainment acquires Hollywood Theaters for $191M
Regal Entertainment Group announced that it has entered into an agreement to acquire Hollywood Theaters. The purchase price will consist of $191M in cash, approximately $47M of assumed lease obligations, comprised of capital leases and financing obligations, and certain working capital. The cash portion of the purchase price includes repayment of approximately $157M of the sellers' debt and is subject to customary post-closing adjustments.
News For RGC From The Last 14 Days
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September 30, 2014
13:42 EDTRGCRegal, Cinemark will not play Netflix original movie, Hollywood Reporter says
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07:03 EDTRGCRegal Entertainment Q3 estimates lowered below consensus at Stifel
Stifel cut its Q3 EPS estimate for Regal to 12c from 26c, versus the consensus outlook of 23c. The firm cited weaker than expected attendance at theaters this quarter as the reason for the reduction. However, Stifel expects investors to look beyond this quarter when evaluating the stock, and it keeps a $23 price target and Buy rating on the shares.

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