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1. canliiconnects.org › en › summariesCineplex awarded $1.24 billion judgment in takeover fight

   canliiconnects.org › en › summaries

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   Dec 17, 2021 · In Cineplex v. Cineworld , the Ontario Superior Court awarded Cineplex $1.24 billion in damages after the U.K. company Cineworld walked away from an agreement to purchase Cineplex valued at over $2 billion.

2. www.stikeman.com › en-ca › khCineplex Awarded .24 Billion in Lost Synergies from Failed ...

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   Dec 23, 2021 · In a highly anticipated decision, the Ontario Superior Court of Justice – Commercial List held that Cineworld wrongly terminated its arrangement agreement to acquire Cineplex, which was awarded substantial damages.

3. www.cbc.ca › news › businessCineplex wins $1.24B in damages in lawsuit with former merger ...

   www.cbc.ca › news › business

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   Dec 15, 2021 · Toronto-based Cineplex announced Tuesday evening that the Ontario Superior Court of Justice ruled in its favour in a breach of contract lawsuit against its former suitor Cineworld Group PLC....

4. www.ctvnews.ca › business › cineplex-awarded-1-24Cineplex awarded $1.24B in Cineworld lawsuit | CTV News

   www.ctvnews.ca › business › cineplex-awarded-1-24

   Dec 14, 2021 · Toronto-based Cineplex announced Thursday evening that the Ontario Superior Court of Justice ruled in its favour in a breach of contract lawsuit against its former suitor Cineworld Group PLC....

5. www.hollywoodreporter.com › business › business-newsCineplex Awarded $1.24B in Damages Over Cineworld Takeover Suit

   www.hollywoodreporter.com › business › business-news

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   Dec 14, 2021 · Cineplex says the Ontario Superior Court of Justice ruled in its favor after Regal owner Cineworld called off its planned $2.1 billion takeover of the Canadian exhibitor.

6. www.cbc.ca › news › businessCineplex sues former merger partner Cineworld for $2.1B

   www.cbc.ca › news › business

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   Jul 6, 2020 · The Canadian movie theatre operator filed the suit in Ontario Superior Court on Friday, detailing what it claims was "a case of buyer's remorse" on the part of the U.K. company in the middle of a...

7. People also ask

   What happened in Cineplex V Cineworld?

   • Cineplex v. Cineworld, 2021 ONSC 8016 (CanLII) In Cineplex v. Cineworld, the Ontario Superior Court awarded Cineplex $1.24 billion in damages after the U.K. company Cineworld walked away from an agreement to purchase Cineplex valued at over $2 billion.

   Cineplex awarded $1.24 billion judgment in takeover fight

   canliiconnects.org/en/summaries/86365

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   Did Cineplex win a breach of contract lawsuit against Cineworld?

   • Toronto-based Cineplex announced Tuesday evening that the Ontario Superior Court of Justice ruled in its favour in a breach of contract lawsuit against its former suitor Cineworld Group PLC. Judge Barbara Conway awarded damages of $1.24 billion and denied a counterclaim by Cineworld, Cineplex said.

   Cineplex wins $1.24B in damages in lawsuit with former merger partner

   www.cbc.ca/news/business/cineplex-wins-billion-damages-1.6286545

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   Did Cineworld wrongly terminate its agreement to acquire Cineplex?

   • Please read our full disclaimer at www.stikeman.com/legal-notice In a highly anticipated decision, the Ontario Superior Court of Justice – Commercial List held that Cineworld wrongly terminated its arrangement agreement to acquire Cineplex, which was awarded substantial damages.

   Cineplex Awarded .24 Billion in Lost Synergies from Failed Cineworld

   www.stikeman.com/en-ca/kh/litigation/cineplex-awarded-1-24-billion-in-lost-synergies-from-failed-cineworld-acquisition

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   Did the Ontario Superior Court of Justice ruled in Cineplex's favor?

   • Cineplex says the Ontario Superior Court of Justice ruled in its favor after Regal owner Cineworld called off its planned $2.1 billion takeover of the Canadian exhibitor. Canadian cinema giant Cineplex says the Ontario Superior Court of Justice has ruled in its favor in a breach of contract lawsuit brought against Regal owner Cineworld Group PLC.

   Cineplex Awarded $1.24B in Damages Over Cineworld Takeover Suit

   www.hollywoodreporter.com/business/business-news/cineplex-awarded-1-24b-in-damages-over-cineworld-takeover-suit-1235062766/

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   Did Cineplex lose synergies?

   • Cineplex said it had been awarded damages of $1.236 billion in lost synergies from the abandoned takeover deal and $5.5 million in transaction costs. The Canadian court also denied Cineworld’s counterclaim against its former takeover target.

   Cineplex Awarded $1.24B in Damages Over Cineworld Takeover Suit

   www.hollywoodreporter.com/business/business-news/cineplex-awarded-1-24b-in-damages-over-cineworld-takeover-suit-1235062766/

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   Why did the court award Cineplex damages?

   • This was consistent with the overall risk allocation in the arrangement agreement, which allocated systemic risk to Cineworld. The Court awarded Cineplex damages in the amount of the synergies that Cineplex could have anticipated to have received from the deal.

   Cineplex awarded $1.24 billion judgment in takeover fight

   canliiconnects.org/en/summaries/86365

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8. globalnews.ca › news › 8452159Cineplex awarded $1.24 billion in damages in takeover suit ...

   globalnews.ca › news › 8452159

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   Dec 15, 2021 · Toronto-based Cineplex announced Thursday evening that the Ontario Superior Court of Justice ruled in its favour in a breach of contract lawsuit against its former suitor Cineworld Group PLC....