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Anschutz trims holdings in Regal Entertainment

Published 11/17/2016, 06:26 PM
Anschutz trims holdings in Regal Entertainment
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  • Regal Entertainment Group (NYSE:RGC) announces a secondary offering of 13M shares on behalf of The Anschutz Corporation and some of its affiliates.
  • Anschutz will still control 70.5% of the combined voting power of the outstanding shares of class A common stock and class B common shares after the transaction.
  • Phillip Anschutz has been the driving force behind Regal since he consolidated three bankrupt movie theater chains in 2002.
  • Regal won't receive any of the proceeds from the sale.
  • RGC -4.70% after hours to $23.30.
  • Source: Press Release


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