JPMorgan Chase (JPM) and Barclays (BCS) are likely contenders to become advisers on Cineworld Group's potential initial public offering or merger considerations, Bloomberg reported Friday, citing people familiar with the matter.
Cineworld is evaluating an IPO for its business outside the UK, including a theater chain under the Regal brand in the US and Cinema City in Eastern Europe and Israel, the people reportedly told Bloomberg.
Cineworld's advisers may also consider potential mergers with competitors such as AMC Entertainment (AMC) and Cinemark (CNK), the report added.
Barclays declined to comment, while JPMorgan, AMC, Cinemark and Cineworld did not immediately respond to MT Newswires' requests for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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