Cineplex, Canada’s largest cinema group, announced that
已经与英国的Cineworld Group PLC达成协议
it has reached an agreement with the British Cineworld Group PLC
and accepted the other party’s proposal for a friendly acquisition of 2.8 billion dollars.
Cineworld will acquire Cineplex for $ 34 per share in cash,
which is equivalent to a 42% premium on the company’s closing price on Friday.
At the same time, Cineworld will assume Cineplex’s debt.
Cineplex’s board recommends shareholders vote in favor of the acquisition.
Cineplex CEO Ellis Jacob
emphasized in a statement that
the acquisition was not only financially attractive,
but also in the shareholders’ best interests.
If the transaction is approved,
Cineplex and its 165 cinemas
will become one of Cineworld’s global chain businesses
and will be listed on the London Stock Exchange.
Cineworld was founded in 1995
and became a public company by May 2007.
Based on the number of cinemas it owns,
the company claims to be the second largest cinema chain in the world,
with operations in the United States, the United Kingdom,
Ireland, Poland and Israel.
As of December 1, 2019,
Cineworld operates nearly 9,500 cinemas
in 786 locations
and employs up to 30,000 people.