Cineplex is Canada’s largest theatre screen operator.
Income Investor
Sorry, you do not have access to this content.On Dec. 16, the Canadian company announced it has signed a definitive agreement to be acquired by Cineworld Group of London. Cineplex investors will receive a cash payment of $34 a share. That represents a premium of almost 42% over the Dec. 13 closing price of $24.01. The total value of the deal is about $2.8 billion, including the assumption of debt. It’s expected to close in the first half of 2020. - Gavin Graham
Current Advice
Accept bid Consult your broker/advisorCapital Gain/Loss
147.8%