Cineplex sues Cineworld for $2.18B in wake of failed acquisition

📆 04/07/2020 03:11:00
📰 GlobalNational

⏱ Reading Time:
19 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 51%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

The Canadian movie theatre chain filed the suit in Ontario Superior Court on Friday, detailing what it claims was ``a case of buyer's remorse'' on the part of the U.K. company in the middle of a pandemic.

Inc. has filed a lawsuit against its former suitor Cineworld Group PLC, seeking damages in excess of $2.18 billion in the wake of the U.K. company’s failed acquisition.

The Canadian movie theatre chain filed the suit in Ontario Superior Court on Friday, detailing what it claims was “a case of buyer’s remorse” on the part of the U.K. company in the middle of a pandemic.Cineworld walked away from the $2.8 billion deal on June 12, saying it had become aware of a material adverse effect and breaches by the Toronto-based company.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Broad rally helps boost S&P/TSX composite, U.S. stocks also up after jobs reportA broad-based rally on the Toronto Stock Exchange helped boost Canada's main stock index, while U.S. stock markets rose in the wake of a stronger-than-expected jobs report. Trump 2020
La source: CTVNews - 🏆 1. / 99 Lire la suite »