Owner of Regal Cinemas is preparing to file for bankruptcy as stock price sinks
Owner of Regal Cinemas is preparing to file for bankruptcy as stock price sinks
The owner of Regal Cinemas is having a tough time — its stock crashed as much as 80% Friday after reports that its parent company is preparing to file for bankruptcy.
British company Cineworld Group has spoken to lawyers at Kirkland & Ellis LLP to advise on the bankruptcy process in the United States and United Kingdom, according to a report by the Wall Street Journal.
The stock has recovered…
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