Cineworld on Friday said has reached a deal to delay final payments to disgruntled former shareholders of its US division Regal.
It has received a three-month extension to pay the remaining $79.3m in instalments by June 30.
The London-listed movie house chain last September said it would pay $170m to shareholders unhappy with the $23 per share it offered when it bought Regal in 2017. Cineworld took on a huge debt as part of the $3.6bn Regal deal.
The world’s second-largest movie theatre operator is separately embroiled in a long-drawn dispute over a botched deal with Canada’s Cineplex , which could result in damages of up to CAD $1.23bn (£710m).
