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WilmerHale Represents Regal Entertainment Group in Signing of Definitive Agreement to Be Acquired by Cineworld Group PLC

WilmerHale Represents Regal Entertainment Group in Signing of Definitive Agreement to Be Acquired by Cineworld Group PLC

December 6, 2017

On December 5, 2017, Regal Entertainment Group (NYSE:RGC) announced that it has entered into a definitive merger agreement with Cineworld Group PLC (LON: CINE) for Cineworld, the UK's largest cinema operator, to acquire Regal, a leading motion picture exhibitor owning and operating one of the largest theatre circuits in the US. Under the terms of the Agreement, Regal stockholders are to receive $23.00 in cash for each share of Class A and Class B common stock, for a total transaction value of $5.9 billion, including the assumption of debt and net of cash acquired. The offer price represents a premium of 43.2% over Regal's 30-day unaffected weighted average share price of $16.06.

Denver-based Partner Keith Trammell led WilmerHale's team on this transaction, joined by Boston-based Partner Andrew Bonnes. The team also included Partners Mark Borden, Lily Brown, Leon Greenfield, Paul Jakubowski, Jeff Johnson, Scott Kilgore, Justin Ochs, Julie Hogan Rodgers, Knute Salhus, John Sigel and Kim Wethly.

The press release announcing this deal, which has been widely covered by the media, including outlets such as The New York Times and The Wall Street Journal, is available at www.regmovies.com.