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Regal Entertainment Group
Regal Entertainment pulls back on sale plans
Regal Entertainment pulls back on sale plans

Regal Entertainment Group, which operates the nation's largest theater chain, is no longer looking for a buyer, the company said Thursday. The Knoxville, Tenn.-based chain announced that its board of directors has "determined that a sale of the company would not be in the best interest of shareholders at this time," according to a statement. "The board, consistent with its fiduciary duties, remains committed to evaluating any alternatives that would enhance shareholder value." Regal said it arrived at its decision after examining strategic alternatives with the advice of Morgan Stanley & Co. The decision comes less than three months after Regal announced...

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