As it continues a phased reopening, Canadian exhibitor Cineplex has started legal proceedings in the Ontario Superior Court of Justice against Regal owner Cineworld Group, "seeking damages after Cineworld wrongfully repudiated the transaction to acquire Cineplex." On June 12, the U.K.-based cinema giant had called off its planned $2.1 billion takeover of Cineplex, which would have created one of the world's largest cinema companies with more than 11,200 screens globally.
Cineplex, as a once friendly takeover attempt has hit the rocks, claimed that Cineworld "breached its contractual obligations and its duty of good faith and honesty." It is seeking damages, "including the approximately C$2.18 billion that Cineworld would have paid upon the.
Read more on hollywoodreporter.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.