Cobb purchase ups Regal to 3rd in N.A.

NEW YORK — Regal Cinemas Inc. has completed its previously announced acquisition of Cobb Theatres Inc., making the Knoxville, Tenn.-based company the third-largest circuit in North America with 2,082 screens.

Regal funded the Cobb acquisition with 2.8 million Regal shares (currently worth about $91.2 million) and assumed $110 million of the company’s debt. Regal said it will take a $4 million after-tax charge in the third quarter related to acquisition expenses and severance payments.

Headquartered in Birmingham, Ala., Cobb operates 637 screens in 66 theaters and currently has another 83 screens under construction at four locations.

Regal shares closed up 88¢ at $32.13.

More Film

  • King Cohen review

    Film Review: 'King Cohen'

    NEW YORK — Regal Cinemas Inc. has completed its previously announced acquisition of Cobb Theatres Inc., making the Knoxville, Tenn.-based company the third-largest circuit in North America with 2,082 screens. Regal funded the Cobb acquisition with 2.8 million Regal shares (currently worth about $91.2 million) and assumed $110 million of the company’s debt. Regal said […]

  • 'The Equalizer 2' Review

    Film Review: Denzel Washington in 'The Equalizer 2'

    NEW YORK — Regal Cinemas Inc. has completed its previously announced acquisition of Cobb Theatres Inc., making the Knoxville, Tenn.-based company the third-largest circuit in North America with 2,082 screens. Regal funded the Cobb acquisition with 2.8 million Regal shares (currently worth about $91.2 million) and assumed $110 million of the company’s debt. Regal said […]

  • Stan Dragoti 'The Last Boyscout' PremiereDecember

    Stan Dragoti, Director of 'Mr. Mom,' 'Love at First Bite,' Dies at 85

    NEW YORK — Regal Cinemas Inc. has completed its previously announced acquisition of Cobb Theatres Inc., making the Knoxville, Tenn.-based company the third-largest circuit in North America with 2,082 screens. Regal funded the Cobb acquisition with 2.8 million Regal shares (currently worth about $91.2 million) and assumed $110 million of the company’s debt. Regal said […]

  • Jagged Edge

    Film News Roundup: Halle Berry's 'Jagged Edge' Remake Finds Writer

    NEW YORK — Regal Cinemas Inc. has completed its previously announced acquisition of Cobb Theatres Inc., making the Knoxville, Tenn.-based company the third-largest circuit in North America with 2,082 screens. Regal funded the Cobb acquisition with 2.8 million Regal shares (currently worth about $91.2 million) and assumed $110 million of the company’s debt. Regal said […]

  • Kate Winslet Diane Keaton Mia Wasikowska

    Kate Winslet, Diane Keaton, Mia Wasikowska to Star in 'Silent Heart' Remake

    NEW YORK — Regal Cinemas Inc. has completed its previously announced acquisition of Cobb Theatres Inc., making the Knoxville, Tenn.-based company the third-largest circuit in North America with 2,082 screens. Regal funded the Cobb acquisition with 2.8 million Regal shares (currently worth about $91.2 million) and assumed $110 million of the company’s debt. Regal said […]

  • (L to R) Young Tanya (JESSICA

    'Mamma Mia! Here We Go Again' Reviews: What the Critics Are Saying

    NEW YORK — Regal Cinemas Inc. has completed its previously announced acquisition of Cobb Theatres Inc., making the Knoxville, Tenn.-based company the third-largest circuit in North America with 2,082 screens. Regal funded the Cobb acquisition with 2.8 million Regal shares (currently worth about $91.2 million) and assumed $110 million of the company’s debt. Regal said […]

  • Sisterhood of the Traveling Pants

    'Sisterhood of the Traveling Pants' Stage Musical in the Works

    NEW YORK — Regal Cinemas Inc. has completed its previously announced acquisition of Cobb Theatres Inc., making the Knoxville, Tenn.-based company the third-largest circuit in North America with 2,082 screens. Regal funded the Cobb acquisition with 2.8 million Regal shares (currently worth about $91.2 million) and assumed $110 million of the company’s debt. Regal said […]

More From Our Brands

Access exclusive content