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

📆 04/07/2020 09.11.00
📰 GlobalNational

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

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

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.

Tulis Komentar

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

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
Sumber: CTVNews - 🏆 1. / 99 Baca lebih lajut »