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Cineplex Rises After Report It’s Considering Regal Merger (1)

Sept. 28, 2022, 9:34 PM

Canadian theater chain Cineplex Inc. jumped 6% after a report that it has weighed a merger with Cineworld Group Plc’s US arm and has discussed a potential deal with the UK company’s lenders.

Cineplex has proposed taking over Regal Entertainment Group, and would give Cineworld’s lenders debt and stock backed by the combined entity, the Wall Street Journal said Wednesday, citing people with knowledge of the talks who it didn’t identify.

Cineplex rose 6% to C$9.32 in Toronto on Wednesday, the biggest increase since Sept. 9.

Cineworld still has the right to make its own restructuring offer to ...