Luminar says interested in 3DE tie-up with Regent
LONDON, July 19 (Reuters) - Luminar (LMR.L: Quote, Profile, Research), Britain's biggest nightclub operator, said on Saturday it was interested in a tie-up between its 3D Entertainment venture and Regent Inns (REGI.L: Quote, Profile, Research), but that Regent had declined to enter talks.
Luminar, which has said it is looking to sell its 49 percent stake in 3D Entertainment, was responding to a report in the Times newspaper that it had made an informal takeover approach to Regent, which runs Walkabout sports bars.
"Luminar has not made an informal offer for Regent and is not in any discussions with Regent but is, as announced, actively pursuing a number of options for the disposal of its 49 percent stake in 3D Entertainment (3DE)," Luminar said in an emailed statement.
"It is disappointing to note that Regent Inns has always declined to enter any discussions with representatives of 3DE to evaluate the financial and commercial logic of a combination of 3DE and Regent Inns to the benefit of shareholders in 3DE and Regent Inns.
"There is no certainty that any discussions between 3DE and Regent Inns would lead to an offer being made for Regent Inns," Luminar added. (Reporting by Mark Potter)
© Thomson Reuters 2008 All rights reserved.



