Cineplex Inc. signs definitive agreement to be acquired by Cineworld Group.
|Areas||Mergers and Acquisitions|
Goodmans LLP represents Cineplex Inc. (“Cineplex”) in connection with its arrangement agreement (the “Acquisition Agreement”) with Cineworld Group, plc (“Cineworld Group”), pursuant to which Cineworld Group will acquire Cineplex shares for $34 per share for a total transaction value of C$2.8 billion. The transaction will be implemented by way of a statutory plan of arrangement under the Business Corporations Act (Ontario) and is subject to Cineplex and Cineworld Group shareholder approvals. This acquisition will create one of the world’s largest cinema companies and will provide Cineplex with the scale and benefits that are required to complete effectively in the ever-changing entertainment industry.