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- 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.
Sep 28, 2022 · The Ontario Court held that Cineplex did not breach any of its covenants in an arrangement agreement between Cineplex and Cineworld dated December 15, 2019 (the " Arrangement Agreement "),...
Dec 15, 2021 · Cineplex and Cineworld reported massive losses and turned to layoffs to save any cash they could as bills from landlords, studios and concession stand suppliers came due.
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.
Jun 12, 2020 · 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.
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.
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. The case concerns the most significant deal to fail since the start of the pandemic, and adds to the recent case law on the interpretation ...
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Is Cineplex suing Cineworld Group plc?
Jul 6, 2020 · Cineplex Inc. has filed a lawsuit against its former suitor Cineworld Group PLC, seeking damages over the U.K. company's failed acquisition that could exceed the $2.18 billion outstanding on...
