Reading International receives buyout bid - Bloomberg

|About: Reading International, Inc. (RDI)|By:, SA News Editor

Reading International (NASDAQ:RDIpopped 6.5% into the close after a report the movie chain owner has been approached by a group of investors about a sale.

Among that group is Patton Vision, LCC, who tried to buy Reading two years ago for $18.50 per share. This latest offer - which reportedly expires on Nov. 21 - values the Class A shares at $17.22 each. Reading closed today at $15.29.

The Class B shares (NASDAQ:RDIB) would be valued at $37.38.

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