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Regal Entertainment cuts conversion price of 3.75% convertibles
By Devika Patel
Knoxville, Tenn., April 1 - Regal Entertainment Group lowered the conversion price on its 3.75% convertible senior notes due May 15, 2008 to $12.4688 from $12.7460, according to an 8-K filing with the Securities and Exchange Commission.
The change is due to a $0.30 per share quarterly dividend payment the company paid to class A and class B stockholders on March 20.
Regal is a Knoxville, Tenn.-based operator of movie theaters.
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