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Cineplex makes approach for Cineworld’s U.S. franchise, WSJ reports

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Reuters UK

(Reuters) -Canadian cinema chain Cineplex has approached bankrupt rival Cineworld’s lenders for a potential merger with the British company’s U.S. unit Regal Entertainment, the Wall Street Journal reported on Wednesday. Cineworld and Cineplex have been locked in a multimillion-dollar legal battle since the London-listed company rescinded its offer to buy Cineplex more than two years ago. Cineworld has since been struggling to rein in massive debt and this month filed for bankruptcy in the United States. Cineplex is in early talks with Cineworld’s lenders about taking over Regal in exchange for…

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