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Holly LaFon
Holly LaFon
Articles (8673)  | Author's Website |

Bernard Horn Comments on Regal Entertainment

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January 17, 2018 | About:

U.S. movie theater operator, Regal Entertainment (NYSE:RGC), gained markedly on news of Cineworld Group’s interest in acquiring Regal for a large premium. With this acquisition, Cineworld will become the second largest theater chain in the world, with a foothold in the U.S., Central/Eastern Europe and the U.K. The Fund began the purchase of Cineworld during the quarter, as the company presented a compelling investment opportunity, with an attractive valuation, healthy cash flows, proven business operations and history of immediately accretive acquisitions.

From the Polaris Global Value Fund fourth quarter 2017 shareholder letter.

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Holly LaFon
I'm a financial journalist with a master of science in journalism from Medill at Northwestern University.

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