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CEO Mooky Greidinger and his brother Israel to receive most of the cash after group emerges from Chapter 11
Chief Mooky Greidinger says agreement is ‘vote of confidence’ in cinema chain
Chain entered Chapter 11 bankruptcy last year and is currently run by grandson of founder
Investors interested in cinema group’s Israeli and eastern European businesses
Chain has contacted a ‘broad universe’ of about 40 potential suitors since early January
With the sale of the whole business unlikely, a restructuring is a more realistic option
Rival AMC has shown interest in acquiring some of chain’s cinemas in US and Europe
Box office takings are further off pre-pandemic levels than originally hoped
Cinema chain pins hopes on new slate of blockbuster films to boost admissions
UK-based group says restructuring of nearly $9bn debt and lease burden will dilute equity interests
Struggling cinema chain’s annual report fails to keep track of changes to complex corporate structure
The world’s second-largest cinema chain teeters on the brink of collapse after ambitious expansion collided with pandemic
Debt restructurings at Cineworld and Vue show an industry only slowly returning to health
World’s second-biggest cinema group aims to maintain operations in longer term with ‘no significant’ hit to employees
World’s second-biggest cinema chain has warned it is in discussions to restructure the business
World’s second-largest cinema group warns of ‘significant dilution’ to share price if revamp goes ahead
Lossmaking cinema chain says $900mn in related damages awarded to Cineplex casts doubt over its viability
Canadian rival unlikely to push for damages over failed takeover due to deal structure
Cinema chain’s predicament is one more reason to be wary of the winner’s curse
UK-listed chain loses Ontario court case over ditched takeover of Canadian rival
Plus, bumper bonuses for Goldman and JPMorgan bankers and the FT reveals its Person of the Year
Investors hoping for happy ending to story that once looked as though it might result in bankruptcy
Cinema group says viewers back in ‘significant numbers’ around the world
Plus, UK regulators move to derail Facebook’s plans to dominate the GIF game, and Big Four partners enjoy a juicy payday
Group had better hope that upcoming blockbusters will set the tills ringing
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