Regal owner Cineworld has called off its planned $2.1 billion takeover of Canadian exhibitor Cineplex, which would have created one of the world's largest cinema companies with more than 11,200 screens globally. "Cineworld has become aware of certain breaches by Cineplex Inc.
of the arrangement agreement relating to the acquisition... In addition, a material adverse effect has occurred with respect to Cineplex.
As a consequence of these matters and Cineplex’s unwillingness to cure the breaches, Cineworld has notified Cineplex that it has terminated the arrangement agreement with immediate effect.
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