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COMPANY TOWN ANNEX

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Times Staff and Wire Reports

Regal Cinemas to Buy Krikorian Theaters: Regal Cinemas Inc. agreed to buy eight theaters, with 69 screens, in Southern California from Krikorian Premiere Theatres Inc. of Redondo Beach for about $14.1 million plus an estimated 486,000 Regal common shares, though the number of shares could be adjusted. The Knoxville, Tenn.-based movie theater chain operator also agreed to buy 10 theaters, with 68 screens, from Georgia State Theatres Inc. of Atlanta for an estimated 922,000 shares, or about $26.5 million. Regal Cinemas operates 125 theaters, with 972 screens.

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