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News Breaks | | | | February 19, 2013 | | 09:26 EDT |  | RGC | Regal 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. | |
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