The companies expect the transaction to close in the first half of 2020.
However, Cineplex has seven weeks to solicit and negotiate with other potential buyers who may be willing to pay more for the company. Cineworld would be receive a termination fee under certain circumstances including if Cineplex finds another buyer with a superior offer. Cineplex has diversified in recent years into a variety of entertainment-related businesses including advertising, events programming and the Rec Room — a chain of locations serving food, drink and amusements.
Does the new company make good popcorn? I still miss empire theatres popcorn.
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