Cineworld has offered to buy Toronto-based Cineplex for C$34 ($25.56) per share, a premium of 42% to the Canadian firm’s closing price of C$24.01 on Friday. The deal, which comes nearly two years after Cineworld bought U.S.-based Regal cinemas for $3.6 billion in February 2018, will add 165 cinemas and 1,695 screens to the company’s existing global network of 9,498 screens across 786 sites. “Going forward, our immediate post-acquisition objectives will be to combine Cineplex with our U.S. business,” Cineworld Chairman Anthony Bloom said. …read more
Source:: Yahoo Finance
