February 5, 1996 |
Regal Cinemas to Buy Krikorian Theaters: Regal Cinemas Inc. agreed to buy eight theaters, with 69 screens, in Southern California from Krikorian Premiere Theatres Inc. of Redondo Beach for about $14.1 million plus an estimated 486,000 Regal common shares, though the number of shares could be adjusted. The Knoxville, Tenn.-based movie theater chain operator also agreed to buy 10 theaters, with 68 screens, from Georgia State Theatres Inc. of Atlanta for an estimated 922,000 shares, or about $26.
CALIFORNIA | LOCAL
March 11, 1995 |
A movie theater company has renewed its effort to build a multiscreen complex on a vacant city-owned block downtown. Voters rejected a plan by Krikorian Premiere Theatres in 1993 to build on the site after opponents criticized a city subsidy for the project and raised concerns about possible traffic congestion. The city had planned to sell the parcel, valued at more than $1 million, to Krikorian for $1.