Cineworld drops major sale plan, proposes new debt deal
(Reuters) -Cineworld has scrapped plans to sell its U.S., UK and Ireland businesses after failing to find a buyer, the cinema chain operator said on Monday, as it proposed a new debt restructuring plan. The world’s second-largest cinema chain operator behind AMC Entertainment placed the majority of the business under U.S. Chapter 11 bankruptcy protection in September. Under a new tentative deal with lenders it said it aimed to reduce […]