Canada county Ontario pandemic covid-19 outbreak prevention Canada county Ontario

Canada’s Cineplex Sues Regal Cinemas Owner Cineworld Over Aborted Acquisition Deal

Reading now: 229
variety.com

Naman Ramachandran Canada’s Cineplex has initiated legal proceedings against Regal Cinemas owner Cineworld Group over its failed acquisition deal.Cineworld moved on June 12 to scrap its $1.6 billion acquisition of the Canadian business — a move that instantly anticipated legal action from Cineplex, which promised to sue just days later.

On July 3, Cineplex filed a lawsuit against Cineworld in the Ontario Superior Court of Justice.“Cineworld’s actions to prevent the Arrangement from closing in light of the COVID-19 pandemic is nothing more than a case of buyer’s remorse,” a statement from Cineplex said.

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA