This is topic Official - Chapt 11 - Regal in forum Ground Level at Film-Tech Forum ARCHIVE.
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Posted by Paul Konen (Member # 41) on 10-12-2001, 03:29 PM:
It's official, Regal finally filed for Chapter 11 on Thursday 10/10/01.Watch out, here come Anschutz making more money.
Click Here
Posted by Jonathan M. Crist (Member # 413) on 10-13-2001, 12:08 AM:
Only in America can you lose 1.57 billion dollars and still get to keep your job. Is this a great country or what?
Posted by Charles Everett (Member # 889) on 10-13-2001, 11:49 AM:
Variety hinted a few weeks ago that Regal chairman/CEO Michael Campbell might be forced out in an Anschutz takeover.Also spectacular is the fact that two Wall Street firms -- Kohlberg Kravis Roberts (KKR) and Hicks Muse Tate & Furst -- lost their shirt when Regal went Chapter 11. Merrill Lynch bought up UA in 1992 only to lose its shirt in UA's own Chapter 11 last year.
Posted by Paul G. Thompson (Member # 655) on 10-13-2001, 07:48 PM:
Oh, Gee, Golly-Gosh! Regal, the All-Mighty Cinema Mogel went gunny sack? How sad! 
Posted by Leo Enticknap (Member # 534) on 10-18-2001, 10:27 AM:
Jonathan - us limeys can go one better. The executive in charge of the company which runs Britain's railways lost UK£32bn and kept his job (in fact he eventually resigned, but not over that).