(Reuters) – Cineworld, the world’s second-largest movie theatre operator, said on Friday it will pay $170 million to Regal Entertainment shareholders, who were against the London-listed company’s takeover of the U.S. chain in 2017.
According to an agreement, $92 million will be held in escrow and be available to Cineworld as additional liquidity under certain circumstances for the payment, Cineworld said.
(Reporting by Muvija M in Bengaluru; Editing by Shounak Dasgupta)
