Cineworld’s owners are leaning towards putting its British operations through a formal restructuring process after holding initial talks about a sale with prospective buyers, Mark Kleinman of Sky News reports. The movie chain and its advisers at AlixPartners have begun formally exploring a company voluntary arrangement, a mechanism used by retailers and restaurant chains during the COVID pandemic to close stores and cut rents, according to Sky. Publicly traded companies in the move theater space include AMC Entertainment (AMC), Cinemark (CNK), Imax (IMAX), Marcus (MCS) and National CineMedia (NCMI).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCS:
- Ex-Dividend Date Nearing for These 10 Stocks – Week of June 17, 2024
- Marcus management to meet virtually with Benchmark
- Ex-Dividend Date Nearing for These 10 Stocks – Week of June 10, 2024
- Krystal Biotech, Virtu, StepStone, Cactus Inc., Tidewater to join S&P 600
- Netflix Stock (NASDAQ:NFLX): The Box Office Has No Answer to Streaming
Questions or Comments about the article? Write to editor@tipranks.com