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THR: Cineworld lawyers confirmed they have several offers on acquiring the chain. Next hearing pushed back to February 21st (was the 16th)

Posted by: notfabio on Feb 08, 10:47

https://www.hollywoodreporter.com/business/business-news/regal-owner-cineworld-sale-talks-1235320581/

THR: Cineworld lawyers confirmed they have several offers on acquiring the chain. Next hearing pushed back to February 21st (was the 16th) notfabio Feb 08, 10:47

Their coverage of todays meeting, Debt holders have a proposal to fund re-org exit from Chapter 11 but still taking bids. notfabio Feb 08, 11:11

Implied that Mooky and the Cineworld exec crew will be out the door in either scenario. {nm} notfabio Feb 08, 11:12

Currently 77 theatres still pending leasing rejection. 150 lease renegotiations. {nm} notfabio Feb 08, 11:13

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