Regal to be acquired by Cineworld in a deal worth $3.6bn


The acquisition price of $23.00 per Regal share values the entire issued, and to be issued share capital, of Regal at $3.6bn, with an implied total valuation of $5.8bn. Bronfman E.L. Rothschild L.P. now owns 5,519 shares of the company's stock valued at $113,000 after purchasing an additional 3,471 shares in the last quarter.

Regal Entertainment Group (RGC) will report its next earnings on Oct 24 AMC.

Several equities research analysts have recently weighed in on RGC shares.

A state-owned Singaporean fund is to become a shareholder in the London-listed cinema group Cineworld as part of a £2.7bn takeover of Regal, a USA rival. BidaskClub cut shares of Regal Entertainment Group from a sell rating to a strong sell rating in a report on Thursday, August 10th.

When it comes to the Analysis of a Stock, Price Target plays a vital role. The forecast of 6 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Regal Entertainment Group has an average rating of "Hold" and an average price target of $26.21.

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Cineworld has said that it will fund the acquisition through a mixture of debt and a £1.7bn ($2.3bn) equity fundraising. Regal Entertainment Group has a 12-month low of $13.90 and a 12-month high of $23.56.

Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings results on Tuesday, October 24th. The company reported the earnings of $0.07/Share in the last quarter where the estimated EPS by analysts was $0.05/share. Regal Entertainment Group had a net margin of 5.33% and a negative return on equity of 20.07%. Year to Date performance value (YTD perf) value is -0.49%. With approval by shareholders of Regal and Cineworld and closing conditions, the deal is expected to close in 2018. Stockholders of record on Monday, December 4th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.27%. Regal Entertainment Group's dividend payout ratio (DPR) is presently 101.15%.

Cineworld shares opened down 1.1 per cent on Tuesday morning. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

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