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1. www.cbc.ca › news › businessCineworld scraps $2.8-billion takeover of Canada's Cineplex ...

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   Jun 12, 2020 · Cineworld struck the takeover deal for Cineplex long before COVID-19 had rattled the movie industry. Late last year, it offered to buy the company at $34 per share, a 42 per cent premium on the ...

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

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   Dec 23, 2021 · In December 2019, Cineworld Group plc (Cineworld) entered into an arrangement agreement (the Agreement) to acquire the shares of Cineplex Inc. (Cineplex). Cineworld agreed to pay $34 per share, or a 42% premium to Cineplex’s stock price at the time, for a total transaction value of approximately $2.8 billion.

3. Videos

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     Cineplex set to open up ‘4DX’ sensory theatre in Edmonton

     Dec 16, 2019

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     What the Cineplex sale means for moviegoers

     Dec 16, 2019

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     Cineworld (Owners Of Regal Cinemas) Buys Cineplex Theatres In Canada

     Dec 16, 2019

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4. 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 · Cineplex chalked up the adverse effects Cineworld was blaming it for as "nothing more than a case of buyer's remorse" and decided to sue its former suitor for more than $2.18 billion in damages.

5. www.ctvnews.ca › business › cineplex-doesn-t-expectCineplex doesn't expect to recoup any material amount of the ...

   www.ctvnews.ca › business › cineplex-doesn-t-expect

   Apr 12, 2023 · Cineplex Inc. says it does not expect to recover any material amount from U.K.-based Cineworld Group PLC, its once-suitor which owes the Toronto movie theatre chain $1.24 billion.

6. www.ctvnews.ca › business › cineworld-to-buy-canadaCineworld to buy Cineplex in $2.8B deal for Canada's largest ...

   www.ctvnews.ca › business › cineworld-to-buy-canada

   Dec 16, 2019 · Cineworld to buy Canada's largest movie theatre chain in $2.8B deal. Britain's Cineworld Group Plc plans to buy Canada's Cineplex Inc. for $2.15 billion. TORONTO -- Canadian moviegoers may soon be ...

7. 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 ...

8. People also ask

   What happened to Cineplex & Cineworld?

   • Cineplex had agreed to a friendly takeover by Britain's Cineworld, which now says the deal is off. (Ben Nelms/CBC) International movie theatre chain Cineworld PLC says its deal to buy Cineplex Inc. for $2.8 billion is off, claiming that "certain breaches" of the contract were made by the Canadian company.

   Cineworld scraps $2.8-billion takeover of Canada's Cineplex ... - CBC.ca

   www.cbc.ca/news/business/cineworld-takeover-cineplex-termination-1.5573054

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   Will Cineplex recover money from Cineworld Group plc?

   • (Alastair Grant / AP) Cineplex Inc. says it does not expect to recover any material amount from U.K.-based Cineworld Group PLC, its once-suitor which owes the Toronto movie theatre chain $1.24 billion.

   Cineplex doesn't expect to recoup any material amount of the $1.24B

   www.ctvnews.ca/business/cineplex-doesn-t-expect-to-recoup-any-material-amount-of-the-1-24b-owed-by-cineworld-1.6352187

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   How much did Cineworld pay to buy Cineplex?

   • Cineworld agreed to pay $34 per share, or a 42% premium to Cineplex’s stock price at the time, for a total transaction value of approximately $2.8 billion. The transaction would have made Cineworld the largest cinema chain in the world.

   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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   Will Canadians get a subscription service if Cineworld buys Canada's Cineplex?

   • Britain's Cineworld Group Plc plans to buy Canada's Cineplex Inc. for $2.15 billion. TORONTO -- Canadian moviegoers may soon be able to sign up for an all-you-can-view subscription service if shareholders approve a $2.8-billion takeover deal of the country's largest cinema chain.

   Cineworld to buy Canada's largest movie theatre chain in $2.8B deal

   www.ctvnews.ca/business/cineworld-to-buy-canada-s-largest-movie-theatre-chain-in-2-8b-deal-1.4731547

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   What happens if Cineworld fails to close?

   • Cineworld has announced that it intends to appeal the decision, which may lead to appellate guidance on the interpretation of Ordinary Course covenants and damages for failure to close. In December 2019, Cineworld Group plc (Cineworld) entered into an arrangement agreement (the Agreement) to acquire the shares of Cineplex Inc. (Cineplex).

   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 Cineworld breach a contract with Cineplex?

   • International movie theatre chain Cineworld PLC says its deal to buy Cineplex Inc. for $2.8 billion is off, claiming that "certain breaches" of the contract were made by the Canadian company. But Cineplex fired back late Friday, insisting the allegations of wrongdoing are false, and vowing to see Cineworld in court in a battle over damages.

   Cineworld scraps $2.8-billion takeover of Canada's Cineplex ... - CBC.ca

   www.cbc.ca/news/business/cineworld-takeover-cineplex-termination-1.5573054

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9. financialpost.com › news › retail-marketingCineplex to start legal proceedings after Cineworld backs out ...

   financialpost.com › news › retail-marketing

   Jun 12, 2020 · A representative for Cineworld declined to comment beyond the company’s press release. London-based Cineworld previously spent US$3.6 billion buying American operator Regal Entertainment Group in 2018. The Cineplex deal would have to let it vault past AMC Entertainment Holdings Inc. to become the biggest cinema operator in the region.